How To Sell A Residence Without An Agent

With a robust real estate market, selling a residence isn't particularly difficult. Here's a primer on how to sell your own house.

How To Sell A Residence Without An Agent

First and foremost, you need to educate yourself on how real estate transactions happen. There are online guides and plenty of books on the subject at your local bookstore. When you decided to sell your own house, you are considered a FSBO seller [for sale by owner]. This FSBO market is growing like mad, which means you can find form contracts and agreements ready made for your particular state.

A second thing to realize is real estate laws are generally governed by states, not the federal government. This means the particulars of real estate transactions in your state may be different from those in another state. You should look for references related to your state, not nationwide advice. Nonetheless, here are a few universal pointers.

1. Determine the price of comparable homes in your neighborhood. This is going to give you a very good idea of what you can ask for your house when you put it on the market.

2. Objectively look at your home and make a list of things that need to be fixed. Selling a house often comes down to the details. Buyers are making a big investment, so they are going to be very picky about little things.

3. List your house online with photographs.

4. Post flyers or ads in your local property listings magazines.

5. Put a sign on your lawn indicating you are selling.

6. On the sign post, put a box with flyers describing your home and the asking price.

7. Hold open houses for buyers to view your house.

8. Clean your house before all open houses. Add fragrant flowers to rooms, mow the lawn and so on.

9. Get rid of your junk through a garage sale and the trash. This includes cleaning out the garage and basement. Everything should be pristine.

10. Create a documented record of all the improvements you've made to the home to show potential buyers.

11. Become conversant in the offer, counteroffer process.

12. Develop a clear understanding of what happens during closing and make sure you'll be able to take care of your part.

13. Figure out what you plan to do when you sell the house, to wit, are you going to buy another house and when will you move?

While these guidelines will take you a long way, it is important you understand the specific laws of your state. Once you have those down, the process typically goes fairly smoothly. Considering you'll save thousands or tens of thousands of dollars in real estate commissions, any bumps in the road will be more than worth it.



Posted by larry snyder on December 13, 2008 at 12:00 AM

About larry snyder
larry snyder is affliated with Town & Country Realty, which is located in Klamath Falls, OR. For further assistance please use the contact information located on the right.



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Local Information for Klamath Falls, OR

Latitude: 42.223441 -- Longitude: -121.777578


ZIP Codes for Klamath Falls, Oregon 97601  97602  97603  97625 
Area Code for Klamath Falls, Oregon 541
Time zone for Klamath Falls, Oregon PST


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The Klamath Indians were the first inhabitants of the area. Their name for this place was Yulalona or Iwauna, which referred to the fact the Link River would flow upstream when the south wind blew hard. Their name for the falls was Tiwishkeni, or "where the falling waters rush". There is a large community of Evangelical Christians. The Oregon Citizens Alliance was formed in Klamath Falls. The town has one of the worst unemployment rates in the state of Oregon since the collapse of the timber industry and has a significant crime rate related to the poverty issue. Methamphetamine sales have risen among segments of Klamath Falls society. -- Source: Wikipedia.com




Oregon 2000 Census Population Profile Map

Klamath Falls Oregon United States
Population 19,462 3,421,399 281,421,906
Median age 33.4 36.3 35.3
Median age for Male 31.6 35.1 34
Median age for Female 35.3 37.5 36.5
Households 7,916 1,333,723 105,480,101
Household population 18,708 3,343,908 273,643,273
Average household size 2.36 2.51 2.59
Families 4,670 877,671 71,787,347
Average family size 2.99 3.02 3.14
Housing units 8,722 1,452,709 115,904,641
Occupied units 7,916 1,333,723 105,480,101
Vacant units 806 118,986 10,424,540

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larry snyder - Town & Country Realty
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