Owning a home or property is a great thing, but selling it can be another story. It requires a good deal of effort and careful planning. Most have heard examples of a property owner trying to sell their own property by themselves and giving up.  Instead, they turn to a Realtor because of their frustration. Now, I am not saying that it can’t be done; simply that, it’s far from easy, especially if you aren’t aware of what’s involved.  And thus the reason for this blog.

Here is a list of tips and instructions to go through, before you mount that "For Sale" sign post on your front lawn. 

 

Inspect your house 

It’s difficult to turn a critical eye towards your own home.  If you cannot manage it then maybe have someone you know walk through and try to give you feedback on what should be done before listing your home.  Find out what needs to be fixed and what will give you the best value for your money in those fixes. Also, get rid of the clutter. A little investment in the details can go a long way in selling your home quickly and for the most money.  Sometimes it is as simple as a fresh coat of paint and some new hardware such as switch plates, cupboard pulls and door knobs. Other times it may need a little more and really depends on the current local market. 

 


Identify your niche

Figure out the market value of your home, the area, and the market price. Evaluate any outstanding liens on your property.  Review the recent sales in your area, and then calculate a competitive price for your property. Identify the type of your property and the category (as in commercial or residential) it falls under. Also, identify who the ideal buyer of your home might be.  That will help you know where to advertise your home.

 


Advertising

Evaluate the possible marketing options and strategies that you will utilize to make your offer visible to your prospective market. Call for an open house, put up display boards, post online ads, design brochures and also get your property listed online, Reach out to your network and ask them to spread the word or to let you know if they know of anyone looking.

 


Plan your time

Selling property on your own requires a great deal of time and effort. The deal does not get finalized in a moment or two and can extend over weeks or months.  Also, there will be prospective buyers interested in visiting and inspecting your house in person, and you need to spare sufficient time for this purpose.

 


Devise a plan 


Determine your requirements and parameters upon which you are going to sell your property. Calculate your break-even amount, and set your negotiation limit, Hopefully, that will be within the range of the local market. You will also need to align your sales plan, pricing, and the requisite criterion in accordance with the real estate laws governing the State of North Carolina. Negotiations in real estate are subject to a number of revisions from the seller and buyer until they form a mutually acceptable sale contract. It is advisable to hire an attorney to assist you with the legalities and negotiations. 

Okay, so, now you are equipped with the basics of selling a property.  


If you should have any questions or decide there is just too much involved in selling your own home or property, please feel free to reach out to me, Gina Harris. I am a lifelong resident of the Lake Norman area and my network of contacts is wide.  Please take a look at the homes I am currently marketing and visit my social media platforms, which you'll find on the home page.  I believe in marketing homes online as well as offline.