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.

Are you looking for some home selling advice? Are you selling your home by owner?  If you are looking for some free advice on selling your home by owner, or even if you simply need some good tips to sell real estate, then you have come to the right place. Browse our main article with home selling advice that is related to selling your home by owner, or take advantage of our latest additions which will have plenty of home selling advice.

How to successfully sell your home by owner

So, you want to sell your home?  You’d love to get every dollar possible from it, so you can put a nice down payment on your next residence and maybe even buy a new sofa or big screen TV.  If you use a realtor, though, you’ll pay her at least seven percent of the selling price.  Add in your portion of the finance charges from the bank on the loan, and you will likely cut up to ten percent off your profit.  Imagine owing $150,000 and selling your home for $200,000.  “Wow,” you think.  “I’m going to have fifty grand for my down payment and moving expenses.” 

Then, you get the closing statement from the title company, only to find that you paid that sweet realtor $14,000 and dropped an additional $7,000 on closing and title costs.  Suddenly, your 50k profit on selling your home turns into a paltry-looking $29,000.  You’re eyeing a shiny new $250,000 home, and with your own closing costs on a new loan, you won’t even have ten percent for a down payment.  What’s the answer, you ask?  Simple, sell the home without the use of a realtor -- By Owner.

There are several basics to a successful By-Owner sales transaction.  Follow these steps and you’ll be well on your way to eliminating most of those exorbitant, superfluous costs.

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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