FSBO
Checklist
Use
this For Sale by Owner Checklist to keep track of all the things you
should do to sell your home yourself.
Preparing
to Sell
___
Understand The Selling Process Completely. Read books about selling
your home, and do some online research.
___ Prepare
a timeline for moving out of your home and into your new home.
Preparing
Your House
___
How's your curb appeal and landscaping?
___ Do
you need to paint your front door or entryway
___ Do any rooms need painting or remodeling?
___ How
is the carpet, wood floors, vinyl & tile? Do any need to be replaced
or professionally cleaned?
___
Reduce clutter, in every room and outside
___ Are
all appliances in working order?
___ Are all faucets & toilets in working order?
___ Change
any burned out light bulbs to bright white to brighten your home.
___ Clean all windows, inside and outside
___ Make
sure all rooms are spotless and organized
___ Decide what items can be sold, given away or thrown away
Know
Your Market
___
Is it a Buyer's Market or a Seller's Market?
___ What
other homes are for sale in your neighborhood?
Extra
Expenses & Costs
___ Are you going to offer a Home Warranty?
___ Are
you going to pay a commission to a real estate agent?
___
Are you going to pay any of the Buyer's closing costs?
Pricing
Your Home
___ Conduct your own research of neighborhood homes
___ Get
a free Comparative Market analysis.
___
Order a Professional Online Appraisal
___ Get
a local appraisal by a professional
___
Decide what your "Asking Price" will be and what your "Final
Price" will be
Marketing
your home or property
___ Get For Sale by Owner Signs, directional signs, and a flyer box
___ Prepare
Real Estate Flyers including photos and all the features of your home
___
Advertise your home on the Internet
___ In
a hurry to sell? You may want to advertise your home on the MLS.
___
Advertise your home in your local newspapers. 80% of home sold are purchased
by people who already live or work in your area.
___ Decide
which days you will show your home to prospective buyers. Usually,
the weekend plus one night during the week is best.
Contracts
& Legalities
___
Decide on the Title Company with staff of real estate attorneys
___ Get
the required real estate contracts for your state. Read
the contracts thoroughly so that you understand them. Ask your real
estate attorney if you have any questions.
Negotiating an Offer with the Buyer
___
Read & understand the Buyer's Offer and present a Counter Offer,
if necessary
___ Is
the Buyer pre-qualified for a loan?
___
Accept the Contract, reject the Contract or prepare a Counter-Offer
in
Response to the Contract
___
Set Time Frames For Inspections, Financing & Closing
Document
Exchange
___
Property Disclosure Forms are given to the Buyer.
___ Buyer
Provides copy of Loan Pre-Approval Letter to the Seller
Inspections
___
Home Inspection is completed
___ Home
Inspection findings/issues are resolved, if necessary
___
Termite Inspection
___
Electrical Inspection
___ Other
_____________________
___
Inspection findings/issues are resolved, if necessary
___ Home
Appraisal Completed for the bank
___
Appraisal findings/issues are resolved, if necessary
___ Survey
Is Completed, if necessary
___
Repairs Required By Contract Or Inspections are Completed
Title
Company
___
Open Escrow with your Title Company
___ Deposit
Earnest Money with the Title Company
___
Provide Necessary Documents the Title Company
___ Title
Search Is Completed
___
Issues with the Title Search are resolved, if necessary
___ Settlement/Closing
Date & Time Scheduled
___
1. With the Title Company/Escrow Officer
___
2. With the Buyer
___
3. With the Buyer's Lender
The Walk-Through
___
Final Walk-Through is completed with the Buyer
___ Issues
with Walk-Through are resolved, if necessary
Settlement/Closing
___
Review Closing Documents 24-48 Hours prior to the Closing
___ Resolve
Issues with the Closing documents, if Necessary
___
Settlement/Closing Day. Be sure to bring your driver's license.
___ Go
out and Celebrate!
FSBO
Checklist provided by www.10Realty.com
|