Checklist For Selling Your Home
- Research the selling prices of homes in your neighborhood when setting your asking price.
- Determine the cash you will receive after the sale by calculating the payoff amount of your existing mortgage and any other related costs, such as closing and attorney fees.
- Invest in a fair market analysis of your home to help determine competitive pricing.
- Do a thorough examination of your home to see what, if any, improvements or repairs need to be made.
- A fresh coat of neutral-colored paint on the walls will brighten the interior and improve its appearance to buyers.
- Clean up the yard, plant flowers and keep the grass trimmed to heighten “curb appeal.”
- Buy a set of real estate sales contracts, disclosure forms, and other documentation your state may require when selling real estate. These are available in stationery stores.
- Arrange in advance with a local real estate attorney to create an escrow account to hold buyer deposits or down payments.
- Speak with an insurance executive recruiting company to learn about insurance.
- Place an ad in the weekend section of the local newspaper. Saturdays and Sundays are the best days to advertise.
- Write up a fact sheet describing your home, location, neighborhood, price and contact information to distribute to potential buyers.
- Place a “For Sale By Owner” sign in the front yard.
- Let the answering machine or service your calls. Don’t allow children to answer the telephone; they may alienate prospective buyers or give out erroneous information.