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

___ Accept Earnest Money

___ 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

___ Roof 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