There are two main reasons for selling the house by your self.
It's save the money: you can save thousands of dollars not paying a 6% or 7% commission. For example, if your home can sell for $250,000, you'd save $15,000 to $17,500 in commissions.
Sell Your Home Easy & Fast: It is very easy and fast to sale your home by yourself because you are not paying an outrageous selling commission, you can afford to price your home more aggressively. The lower price is more likely to sells fast.
Some steps should be taken to sale your home by yourself.
Preparing your home to sell:
Home buyers are attracted to clean, spacious and attractive houses. Your goal is to dazzle buyers. Brighten-up the house and remove all clutter from counter tops, tables and rooms. Scrub-down your house from top to bottom. You also make sure your house smells good.
Pricing your home effectively:
When you sell a home reduces buyer interest, makes competing homes look like better values, and can lead to mortgage rejections once the appraisal is in. Over-pricing when selling a home is the single biggest reason why many "for sale by owner" home sellers don't sell their homes successfully. One of the best ways to correctly price your house when selling is to find out how many other homes, similar to your own, recently sold for in your neighborhood. The easiest way to accurately price your home is to contact your local home appraiser.
Get a real estate lawyer:
It may be wise to hire a lawyer who will protect your interests throughout the entire transaction. An experienced real estate lawyer can help you evaluate complicated offers (those with a variety of conditions), act as an escrow agent to hold the down payment, evaluate complex mortgages and/or leases with options to buy, review contracts and handle your home's closing process.
Marketing your home:
If you are taking a photo of your home, be sure that the home's yard/driveway is uncluttered. Directional signs also help drive buyers to your property, especially if you do not live on a busy street. Open houses are sometimes a good way to attract buyers to your home.
Negotiating an offer on your home:
When a home buyer makes an offer (this is often presented to you directly from the buyer or through their lawyer), you should consult with your attorney. Carefully consider the purchase contract's other terms and conditions. If you feel the home's offer is insufficient, make a counter offer.
Home inspections:
Under a general inspection you are obligated to make major repairs to appliances, plumbing, septic, electrical and heating systems - or the buyer may cancel the offer. Once the inspections are complete, the buyer makes an application to a mortgage lender.
Buyer appraisals and other details:
The mortgage lender will order an appraisal of your home to make sure they are not paying more than the house is worth. At this point too, the mortgage company will issue a commitment. Again, the buyer (and their attorney) must complete all conditions listed on the mortgage commitment.
Closing:
The day of the closing, the home's buyer will do a "walk through" of the property to make sure all agreed repairs are completed and that the home is in the same condition as when the buyer made their offer. Closings usually occur 30 - 45 days after you have signed the sales contract. At the closing, all monies will be collected, any existing loans or liens will be paid, the deed will be transferred, and insurance will be issued insuring a free and clear title.
If you follow these step then they are surely gonna help you .You can also take the help of internet for selling your home.There are quite a few websites that can help you locate homes for sale and real estate agents in India. Some of the most popular are
http://www.onlineghar.com/
http://www.property-india.in/
Owning a home is the original American dream. It’s the old frontier spirit, wanting to claim your own tuft of the New World. Then again, these days it also makes perfect economic sense. Experts estimate that all of the homes in the United States alone are worth a combined $14 trillion. That goes a long way to explain why a housing boom has been sweeping the globe.
Where there is a boom, though, there may be a bust. Read any headline from your local newspaper, and you’ll see headlines such as “Bye-Bye, Housing Boom" to “Housing Boom is Leveling Off." Some economic forecasters predict a bubble that may be about to burst. They make you wonder: am I missing the boat?
Whether you’re looking to cash in on this real estate bubble before it pops�"or simply wanting to move to a bigger home or move across the country�"selling your home can be more a nightmare than a dream. Not only do you have to find and trust a real estate agent. You need to prep your home for open houses. You need to haggle with prospective buyers. Not to mention, you have to worry about the moving and selling of all of your valuables.
It’s almost enough to make you want to live in one home for the rest of your life�"just as folks did in your grandparents’ day. Then again, your home is worth a percentage of that $14 trillion. Don’t you want to see just how much?
As hectic and horrible as selling a home may seem, it really isn’t so bad if you break it down into a few simple rules. If you don’t believe us, read the rules for yourself.
Fuss over the façade. Your home’s future owners do not want to worry about repairs and renovations as soon as they move in. So make certain they don’t. Be sure to have your home immaculately clean before you invite prospective buyers over. Redecorate if your interior is outdated. And invest in minor renovations if necessary. You’d be surprised what a coat of paint can do.
Focus on the fine details. Prospective buyers will leave no stone unturned when they visit your home. They will test every light switch, run every faucet, and lift up every toilet seat. Everything�"and we mean everything�"should be in working order before your open house.
Double check for blown out light bulbs and leaky faucets. Scrub the bathroom and clean up any ring around the bowl, tub scum, and any other nasty surprise.
Don’t settle for maybes on safety. Ensure that there are no safety hazards anywhere on your property. Something as small as uncovered electrical sockets or as large as an unfenced pool can scare off buyers, especially parents of small children.
Create a soothing selling atmosphere. Imagine the last time you visited a bed and breakfast. Your home should be as welcoming and accommodating as that. One easy way to accomplish this is by brightening up the place. Turn on all your lights for your visitors. Plus, fluff up your bedroom. After all, most people want the bedroom to be the most comfortable spot in the house. Make sure it is�"at least when buyers are around.
Clear the joint. Along with the last rule, there is the standard real estate practice of vacating the premises when buyers come for tours. This is done for good reason. Buyers are there to evaluate your home, not meet your sisters, sons, cousins, and cats. So send your family to the mall for a day of shopping, or to the park for a picnic.
Cut the clutter. All of your stuff can get in the way, too. That’s why it’s important to start packing and storing your personal belongings as soon as you know you’re going to move. An empty house is a cleaner looking house is a more attractive house. You don’t want your perspective buyer opening a closet and having a bowling ball fall on their head, do you?
Make a killing on said clutter. One option is to simply move your personal items to your new home and create instant clutter there. That’s the way of the pack rat. Or, you could sell what you no longer need and turn a quick profit. That’s the way of the fat cat.
If you choose wisely�"the latter option�"be sure not to hold your garage sale on the same days as your open houses. Neighbors in their undershirts and jeans on your front lawn do make for a great sales ploy. Instead, it makes you look desperate and could hurt you come negotiations. Schedule your yard sale on separate days.
Better yet, sell your goods online. Classified Web sites allow you to negotiate with potential buyers, get the best rates for your stuff, and ship it off at your own convenience. And it’s all accomplished on your own time, inside your own home (where you can wear your undershirt and jeans and no one will care).
Take a deep breath. Lastly, never let the home-selling experience overwhelm you. Sure, there are a load of responsibilities to take care of. But that is what your real estate agent is there for. They handle all of the grunt work. They do all of the hard talking with the buyer. They make all the follow-up calls. And they showcase your home for you. Your job is just to smile, be polite, and answer the buyer’s questions if they come up.
Both Monica Craft & Donald Lee are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Monica Craft has sinced written about articles on various topics from Parenting, Cure Anxiety and Architecture. About Author: Monica CraftFor listings of real estate auctions, please visit (Property in India). Monica Craft's top article generates over 12100 views. to your Favourites.
Donald Lee has sinced written about articles on various topics from Real Estate, Recreation and Sports and Website Traffic. Donald Lee is the public relations manager for Buysellcommunity.com. Buysellcommunity provides free classified listing services for individuals and businesses to market their products and services online. For global and localized classifieds, please visit. Donald Lee's top article generates over 6600 views. to your Favourites.