A ‘For Sale by Owner’ house or FIZBO can be a way to maximize the price you receive for your property when you sell. Essentially, you do the marketing and paperwork yourself and arrange for all the tasks which a Denver real estate agent would do in a traditional home sale.
Especially during buyer’s market times, such as in much of Denver currently, a Denver FSBO may mean the difference between selling your property and not selling it. Selling your Denver home by this route can be quite time-consuming and you’ll need to be aware of and use all the correct forms for disclosures and descriptions.
Selling a Denver home For Sale By Owner has some positive advantages going for you as a seller.
- You are able to move faster on a decision.
- You have the most to gain from the sale.
- You have a better ability to recognize and repair potential problems before advertising your Denver home for sale.
When preparing to sell your Denver home FSBO, here are some of the steps which may help you to be successful in marketing the property properly.
Research the market. The first thing you should do is to research the Denver real estate market. You need to look for recent sales of similar Denver homes and find out their selling prices.
Get an Appraisal. Have an appraisal done by a qualified real estate appraiser or by at least two Denver real estate agents. You are the one who must decide whether you want a fast sale with a rock bottom price or whether you want to hold out for a high sales price. Either way, or even if you decide to sell through a listing agent, you’ll want to know the recommended listing and/or market price for your Denver home.
Market your home. You can use yard signs, notices in church papers or community bulletin boards. If possible print up a neat brochure and make it available in front of your Denver home, so it’s accessible from the street. Newspaper ads or nickel ads have mixed reviews. A “Talking House” is an excellent marketing tool. Because you will not have as much exposure to market yourself, you will need to work harder and be more creative about your listing and advertising.
Try listing your FSBO house early at the highest price you dare. You just might sell at a higher rate than you expected.
Presentation matters. Make your house sell itself. It should be clean and presented with minor repairs already completed. Curb appeal sells, but so do clean, uncluttered rooms with no obvious dings and dents in walls, floors or ceilings. A fresh coat of paint is relatively inexpensive and may make hundreds of dollars difference in the selling price of your Denver home.
FSBO websites are quite common today. You can utilize these to get wider exposure for your house. Real estate professionals often will work with you as a FSBO listing in order to make the closing go smoothly and will charge a reduced rate of commission.
