The Selling Process

Rather you are selling your real estate in Edmonton, Calgary, Toronto, Vancouver, Toronto or Winnipeg, the selling process is the same. The 2 most important advises you need is to be patient and watch the real estate market regularly. Withour For Sale by Owner program, You can save yourself the 5 percent or 6 percent commission you'd commonly have to pay. "Without incurring that cost, you have a cushion to spend money to make your house stand out from others," and "You're saving an enormous amount, and you can pass the savings along to the home buyer ." Remember, 75 percent to 80 percent of all home searches start online. When selling on your own, take advantage of Web sites that can help you market your home online.

Pricing

This process generally begins with a determination of a reasonable asking price. You as the For Sale by Owner, will gather up-to-date information on what is happening in the marketplace and the price, financing, terms, and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle. These information is pretty easy to gather. Pricing is the most important factor in real estate deals. Make sure your asking price is within the market value and in balance with the quality of the property you are sellingand be honest.

Marketing

The next step is a marketing plan. Often, As For Sale by Owner, you will need to repairs or upgrade with cosmetic work that will significantly enhance the salability of your real estate property. Marketing includes the exposure of your property to other real estate listings, and advertising company and to the public. In many markets across the country in Edmonton, Calghary, Vancouver, Toronto etc, over 50% of real estate sales are cooperative sales; that is, a real estate listings operations other than yours brings in the buyer. Your listing agents acts as the marketing coordinator, disbursing information about your property to other real estate market through a Listing Services online and offline or other cooperative marketing networks etc. These cooperative relationships will benefit your marketing effort.

Advertising is part of marketing. The choice of media and frequency of advertising depends a lot on the property and specific market. For example, in some areas, newspaper advertising generates phone calls to the real estate office but statistically has minimum effectiveness in selling a specific property. Overexposure of a property in any media may give a buyer the impression the property is distressed or the seller is desperate. Your real estate agent will know when, where and how to advertise your property.

Advertise and advertise and get as much exposure as you can to the public and to propective home buyers.

Security

When the property is marketed as For Sale by Owner, you have the full control in who visit your house and when to your home. You can accompany qualified prospects through your property.

Negotiating

The negotiation process deals with much the same issues for both buyers and sellers, as noted above under the buying process. Evaluate every buyer's proposal with your real estate market up-to-date information without compromising your marketing position is important. This initial agreement is only the beginning of a process of appraisals, inspections, and financing. Your Real Estate Lawyer can help you write a legally binding, win-win agreement that will be more likely to make it through the process.

Monitoring, Renegotiating and Closing

Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. As long as you are honest in your property, the process can be very easy and smooth. Just imagine when you are just about to close the deal, and the buyer found out that your property is extremely over priced, and the buyer calls and terminate the deal.