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Sell Your Own House

101 Tips for selling your own home ... without resorting to property managers or real estate agents!

 articles and information about real estate and property investment.

Property Selling Tip #5: Play detective

Do a bit of detective work:  try to keep track of real estate ads that appear only a couple of days (house could have been sold in just a matter of days) and ads that seem to be in the paper forever (why can’t the advertiser sell?  What’s preventing him from selling?)  This is where wording might clue you into the reasons.

Property Selling Tip #6: Read and devour all that you can!

Build up some more on your knowledge power by visiting your local library, and browsing through books and magazines about real estate in general (and selling homes in particular). 

Be on the alert for people who’ve written about their personal experiences in selling their homes.  Being well-informed is still your best weapon.  

Property Selling Tip #7: Realistically speaking, my house is really worth…

Set realistic goals: if houses like yours in your area are asking for $250,000.00, don’t think you could make a lot more just because you have a rose garden and your neighbor doesn’t. 

Deviating too much from the mainstream can work against you.  Don’t stop buyers from calling you because your price is way too much the average prices for your area.

Property Selling Tip #8: Play the real estate game seriously. 

Bear in mind that the “no risk, no gain” philosophy may not always work in real estate.  Real estate is a smart, serious business.  It’s better to have brains than guts!  Feed your brain with information you will need when you finally do sell your house.   Real estate information is not a scarcity.  There are thousands of web sites dedicated to real estate.  And the library holds a wealth of information on the subject.

Property Selling Tip #9: Get only enough to get you started

Too much analysis leads to paralysis.  Arm yourself with adequate knowledge and then get moving!  Don’t let fear or over-confidence immobilize you.  If you want to sell your house successfully, fear has no place in the grand scheme of things, nor does arrogance.

Selling Real Estate - What Buyers Look For

What do buyers look for in terms of the house itself?  Many agree that location is a decisive factor, but so are tangibles like the price and condition of the property (is the price worth the additional huge sums of money to put this house back into mint condition?  How much time will I need to renovate the dilapidated portions of this house?).  Buyers will be on the alert for the following:

Start with the outside of the house and ask yourself the following questions – because these are the questions that your potential buyer will be asking!:

  • Do these garbage cans, discarded wood scraps and building materials  strewn about carelessly an indication of the seller’s negligence?
  • Are the gutters and roof in place?  When was the last time the seller changed the roof?
  • Apart from the human occupants of the house, are there termites and other insects that live here also?
  • These overgrown bushes and trees are distracting.  What is it that the sellers don’t want us to see?
  • Is the lawn is looking unhealthy?  Is the rest of the house like that?
  • Have the patios and decks been converted into storage areas?  Why can’t we see what they actually look like?
  • The paint is peeling off; is that why the house looks so drab and uninviting?
  • Why are there no lights outside the house?  Is this the owner’s way of saving on utility bills?  Is this a safe neighbourhood?

The above questions are just a few of the many questions buyers are likely to ask with respect to the outside of the house.  A house’s exterior constitutes the buyer’s first impression.  And we all know what they say about first impressions – they are powerful and outweigh other considerations!


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