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Real Estate - Sell home privately
| Title : "Sell home privately".Real Estate Selling home privately means that one is willing to sell his property without the help of real estate agent. One of the main advantages of selling house privately is that one can avoid the commission of a real estate agent that can be a substantial amount of money. Moreover, in private sale of house one may have more control over the process of sale and negotiation because he is having direct contact with the potential buyers. But one should not forget at the same time that real estate agents provide a range of services for their commission. They give full time to the deal process, they have skills and also they have complete knowledge of the market conditions. While selling a home privately consider the following: •Never overprice the home. •Clear out the clutter. •Work out with a lawyer before listing the house. •Put the advertisement in newspapers correctly. •Don’t waste the advertising budget. •Allow strangers only after proper screening. •Don’t confuse fixtures with chattels. •Get home inspection before listing the property. •Have strong negotiating skills. •Try to get the knowledge of real estate terms and legal lingo. Safety approach is very important while selling home privately. One should manage the enquiries very smartly. The following few tips might be a good help: •Ask for the phone number of buyers who contacts to set up a viewing. Call them up to get the assurance that they are genuine. Also get their short notice phone number so that change in appointment or cancellation can be easily managed. •Maintain a list of their name and address for a record. •Do not travel to meet a prospective buyer on his request, especially if he has not viewed the property previously in person. •Treat with caution if someone makes an offer without viewing the property. Before anyone comes for viewing the property try to pre-arrange some of the phrases or code words with friends or neighbours. This is just a precautionary method so that if one feels really worried for whatever reason, companion or friends can call the police by getting the gesture in code word. Avoid providing any confidential information such as security system or safe works until the contracts are exchanged. Don’t leave the guest unattended. Moreover don’t make him feel pressured even of continuous presence. After the viewing, call the potential buyer after two or three days for their feedback. This will help in getting a sense of interest level of potential buyers. |
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