| Knowing how to set the price of your home is one of | | | | 3. Get ideas from properties which were sold |
| the prerequisites to selling FSBO properties. Take note | | | | just recently. This can be helpful in knowing the market |
| that buyers always look at selling prices of for sale by | | | | value of certain FSBO properties at the moment. You |
| owner properties before they finally decide to make | | | | can then take a peek at the price and learn why they |
| an offer. You don't have to worry about how to set | | | | became saleable in the market. These FSBO or Flat |
| prices as there are easy steps to follow. | | | | Fee MLS listings may be available at local government |
| Learning about how to set prices will make you find | | | | offices near you. They can also be found through the |
| the right buyer for your FSBO property. You cannot | | | | net or through the public assessor's office. |
| just set a high price or buyers may just run away | | | | 4. Assess your FSBO home. With all the listings |
| from having a transaction with you. Well, setting the | | | | you have gathered above, it is fair for you to judge on |
| FSBO price too low will also be at your disadvantage | | | | how you should sell your FSBO property. Be honest |
| as you may lose earnings. | | | | enough in making your assessments. Ask yourselves |
| 5 steps to set FSBO property prices | | | | some questions like: "What is my home's edge over |
| As the sole person taking charge of selling FSBO | | | | that of others?" and "In what condition is my house |
| properties, you are responsible for setting the price for | | | | compared to those that are offered by other people?" |
| your home. You should know how to do it if you want | | | | 5. Always make sure you are working on setting |
| to set an asking price that is comparable to other | | | | your FSBO price with that of what is prevailing in the |
| homes. The following steps will help set FSBO prices: | | | | market. Simply put, set the FSBO property's price |
| 1. Familiarize yourself with your competitor. It is | | | | based on current assumptions. You cannot just look |
| best to make online and offline searches. In both | | | | back to how the real estate industry fairs three to five |
| venues, you should compare your home with other | | | | years ago and make that your basis to set a cost on |
| FSBO listed properties. Check on those that are the | | | | your property. |
| same size and have the same number of bedrooms | | | | Always take advantage of the Flat Fee MLS fact that |
| as yours. Learn about the prices they have set so you | | | | you can sell your property by your own. Remember |
| will have the idea for how much you will sell your | | | | that your property should be priced fairly. You do not |
| FSBO property. | | | | need to add up the possibility of paying for a |
| 2. Attend open houses within your area. You do | | | | commission with the cost you will set. After all, you do |
| not have to necessarily visit for sale by owner | | | | not need an agent in FSBO listings. What you need is |
| property. What you need to do is visit open houses to | | | | to use a flat fee MLS instead. |
| see how your FSBO home compares to others. | | | | |