On the third page of our main report, you will see some excellent home selling advice on why hiring a mortgage specialist is a very important and affordable thing you should do when you are selling a home by owner.

When it comes to setting your price, be sure not to ask too much, based on the appraised value.  This is a common mistake people make, especially when being influenced by a realtor, who wants to inflate the price, so she’ll make a higher commission.  If the value is $220,000 and you want to get $200,000, ask for $208,000 and settle for $196,000.  Remember, you are saving tens of thousands of dollars by selling your home By Owner and eliminating the realtor.  So, it’s okay to take a few thousand dollars less than what you want.  Plus, when you tell prospective buyers that your start price is twelve thousand dollars below the fair market value, you can add that they’ll be getting that twelve grand as instant equity in their new home.  That’s powerful selling.

Follow these basic steps, post your For Sale By Owner sign, and you’ll be amazed at how quickly you’ll sell your home. 

Selling Your Own Home; Step 3 - Home Marketing Plan (New!) - In previous articles we’ve discussed getting your home ready for sale and pricing it correctly. Now that you have it looking great and priced right, the next step is making sure people know it’s available. That’s where marketing comes in. Marketing is one of the key benefits a real estate agent provides. Realistically, however, most real estate agents do the bare minimum. There is no doubt you can do what they do and probably do it better...

Selling Your Own Home; Step 2 - Price of a Home - In the previous article, we discussed the research and renovation that can help ensure that your home is on par with others in your neighborhood. This gives it the best chance of selling at a comparable price to others in your area. Whether you opted for major renovations or a simple coat of paint, the next step in selling your own home is to create a pricing and sales strategy. In other words: decide what you’re going to ask for the home, determine how much you’re willing to accept, and decide how long you’re willing to wait for the price you want...

Selling Your Own Home; Step 1 - Research & Rennovation - The beginning stages of trying to sell your home on your own are very critical because planning means everything to the process. Those home owners who believe that simply sticking a price tag on their home will get the sale are sadly mistaken, especially with how the house-selling market is today. More often than not, the home owner waits instead of executing a quick sell. What can speed the process? Research and renovation. Look at similar units being offered in your area and how they are being renovated. Think of how you can make your unit better than the others. Make the upgrades where necessary. You might be surprised about how much that will swing the buyer’s interest. Here is a breakdown of the strategy you must implement to sell your home for the price you want in the amount of time you deem necessary:...

Tenants in Common Definition (New!) - In recent months and years many folks have lost their homes, frequently because they did not understand or correctly analyze certain terms in their mortgages. Often real estate agents and loan officers assume you know what you need to know, so they are not proactive in defining many terms for you. In this context it becomes more important than ever to understand property law concepts...

Buy Land - Should you invest in land? - Similar to playing the stock market, private equity firms and individuals are looking to purchase cheap land in markets where real estate has struggled. Local developers, once upon a time, were the only ones who purchased land from over-leveraged homebuilders when the real estate market hit a funk. Now everyone is getting in on the play. Their goal is to buy these hard assets and wait until the markets return to respectability. The rewards of buying industrial-zoned land overshadow the risks involved. Again, using the stock market as an example, purchasing land is more logical because land does not experience as much volatility. The value of land tends to go upward...

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