YOUR ULTIMATE SPOKANE FSBO GUIDE
For Sale By Owner is possible. Increase your odds of success here.
Dos
Price Your Home Realistically
Research the local market and set a competitive price for your home. Overpricing can deter potential buyers, while underpricing may lead to lost value.
Prepare Your Home for Showings
Make sure your home is clean, decluttered, and well-maintained. First impressions matter!
Market Your Property Effectively
Use online listings, social media, and even traditional methods like yard signs and flyers. The more exposure your property gets, the better your chances of selling.
Be Transparent About the Property’s Condition
Be honest and upfront about any issues with the home. This will build trust and help prevent disputes later.
Hire a Real Estate Attorney (If Required)
Depending on your state, you may need a real estate attorney to help with paperwork and ensure that the transaction is legally sound.
Be Prepared to Negotiate
Be flexible and open to negotiation on price, contingencies, and other terms. It's normal for buyers to make offers below asking price.
Understand the Closing Process
Familiarize yourself with the necessary paperwork, disclosures, and the steps involved in closing the sale.
Don'ts
Don’t Skip the Home Inspection
Even if you’re selling as-is, skipping a professional inspection can backfire. It’s better to identify and disclose issues upfront than have them come up later in negotiations.
Don’t Ignore the Legal Requirements
Don’t overlook the necessary paperwork, disclosures, or local regulations. Not following the legal requirements can cause delays or even jeopardize the sale.
Don’t Be Too Emotional
Selling your home can be emotional, but keep in mind that buyers may not share the same attachment. Try to remain objective and focus on the transaction.
Don’t Hide Major Issues or Problems
Failure to disclose known issues with the property (e.g., foundation problems, water damage) could result in legal issues down the line.
Don’t Neglect Safety
Always prioritize safety when showing your home to potential buyers. Keep valuables secure, and consider having someone with you for protection during showings.
Don’t Assume Buyers Know What’s Included
Be specific about which appliances, fixtures, and items are included in the sale. Don’t leave it up to assumption.
Don’t Rush the Process
Take your time to properly vet potential buyers, negotiate offers, and review contracts. Rushing can result in costly mistakes.