Is Your Home Not Selling Because Of Poor Marketing Methods?

Anyone who is seriously contemplating how to sell a home the idea of offering a property

for sale by owner needs to think about what it really means in terms of a part-time job. I use that phrase because the act of is definitely a job, ask any real estate agent. It's not a hobby because the goal is to make a sale, and selling a home is definitely more like a job. Whatever it is, sellers would be well-advised to look at this list of items from the 2010 National Association of REALTORS (NAR) Profile of Home Buyers and Sellers that I read lately.

These are the percentages of homeowners selling for sale by owner who rated the following issues as "the most difficult tasks" involved in their home-selling experience: getting the right price 23%, fixing up the home for sale 18%, selling within a time frame 14%, having time to do everything necessary 13%, understanding and preparing paperwork 10%. None of these represent huge percentages, but they do show that, across the board, there are a few basic activities that present problems to a percentage of sellers.

No job is ever perfect, and that includes the job of selling for sale by owner. It's a project that you will want to prepare for and proceed with caution. Why caution? Because of course a home sale involves legal forms and the services of an attorney or a title company to conduct the title search and prepare closing documents, as well as oversee the closing. I say just be cautious and know the parts of the transaction you can handle on your own and also what you cannot handle when trying to sell a house fast.

Most for sale by owner transactions are eventually handed over to an agent to close, or the seller has expert advice from his or her attorney as to the next steps after a purchase agreement is signed. The main consideration after a buyer has made an offer and the seller has signed an acceptance is that the buyer has to take the purchase agreement to his or her lender to initiate the mortgage loan process. Most sellers are not equipped to be of any assistance to their buyers in this process, and neither are their attorneys or title companies. The most important part of the sale that may be compromised when a homeowner finds a buyer for sale by owner is the financing process. The buyers are totally on their own.

I mention the financing issue separately because I noticed it wasn't on the NAR list, which is very interesting. Take these statistics and use them to your benefit when you think about selling for sale by owner.

by: Leo Kingston

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