For Sale by Owner – Delay if Possible, Sell Quickly if Not

If you are a prospective for sale by owner seller, you and other homeowners are being advised by real estate analysts to postpone your listing for some more years if possible. But if you cannot hold out any longer, you must decide quickly because home prices are still falling. Prices may stabilize next year, but prices are not likely to increase significantly.

As you already know, if you can postpone your sale for a couple of years, you can increase your chances of selling your home at a higher price.

But if you really need to sell now, do not compete with foreclosure homes on price, because you will lose so much if you attempt to win. Compete against foreclosure homes on other aspects, such as property condition. Make your house move-in ready. Just making some low-cost improvements such as installing a new carpet, repainting the walls and having a general cleaning will give your house a new look.

By Cassiano Travareli