FSBO For sale by owner

Here I would like to help some "FSBO" For Sale By Owner.
Though studies show that for sale by owner eventually end up getting 26 % less what they could have received if they had worked with some agent. But still some people want to do it themselves. And thats not at all a bad idea but needs little help so they know which direction to move.
Here are few tips that might help you sell your home yourself.

1) ADD but where?
In local news paper, but which day is important? from my experience Wednesdays is better as add doesn't cost that much and only SERIOUS buyers contact.
Remember always include area of town, the price, number of bedrooms and bathrooms. These are most important considerations for a buyer.

2) Local Publications
Consider an add in local publications for instance recycler, pennysaver , homes and land etc.

3) Flyers
design flyer or brochure for your property. A Black and white photo and description of home is important.

4)Financing
Know at least 3 different methods available to finance the sale of your home. Assumable loan, seller financing,variable rate loan, adjustable rate loan and a fixed rate loan are good examples. buyers want to know the rate cash down payment, including. Closing costs and monthly payments.

5) Taxes
Know your current annual taxes and homeowner insurance premium amounts. Are they paid from an impound account or by some other method?

6) Interest rates
What are the current interest rates and points on fixed and adjustable rate loan?

7) Appraisal
Consider having an appraisal done on your home to determine the current value. Buyer typically offer less than you are asking because they know a savings of the commissions is often built into the price. Your are trying to save the commission and so are they. You need to know the fair market value is.

8) When buyer shows
When a prospective buyer visits your home, follow these guidelines:
* set appointments at their convenience .
*Always prepare the home before it is shown, even if you have to leave work to do it.
*Have your property brochures available.
*Introduce yourself at the front door.
*Let them tour the home with as much privacy as possible. Buyers feel uncomfortable making
comments in your presence. When they complete the tour of your home, ask them if they
would like to go back for a second look.
*Be Prepared; Most people may not be that interested in your home. Buyers shop by
comparison and there are usually a great number of homes for them to consider.

9) Offer
In the event you receive an offer from buyer, have then put it in writing, Including an earnest money deposit. Be prepared to pay attorney to review the legalities of such a contract.