Reality Check

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Monday, March 06, 2006

Things I Learned By Selling My Own Home (Up To Now)


1. Have a contract ready. Find a good one on-line and tweak it.
2. Line up a title company and keep in touch with them. They work for you.
3. Be the one in charge of the situation. You have what they want. Sure you want their money, but ultimately it's your deal.
4. Know what makes up "closing costs".
5. Get 2 home appraisals.

6. Get to know the current market by checking out other homes in the area that are the same price range, size, and condition of house.
7. Pay for a home inspection yourself. What you think you know about your house is just that. Know about your house. A home inspection pays off every time.
8. Stay and watch and follow all home inspections and contractors etc. who will be going through your home.

9. Don't be afraid to say no to an offer at any time. There will be other buyers.
10. It is very stressful and that is okay. Find ways to relax; get a massage, go for
bike rides. Drinking and smoking more are perfectly acceptable.
11. During negotiations it is a lot like poker. Call a bluff here and there or bluff some yourself. As in poker the aggressor is rewarded most often.
12. When the deal is done, be happy. You did the best you could and you are better for it financially and in personal growth.


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