For Sale By Owner Portland Oregon
The phrase “For Sale By Owner Portland Oregon” may sound great to you but this is not a decision you should take lightly. You will find many articles telling you that this is a terrible idea and you should never do it but those articles are somewhat misleading. There is nothing wrong with going the For Sale By Owner Portland Oregon route as long as you do it right.
That means you will need to do some serious homework. You need to read those articles about how these sales fail so that you can learn from the mistakes others have made in the past. You should also look for more straight up articles like this one that will tell you exactly what mistakes to avoid. As long as you do the research and learn the ropes, selling your home on your own is a perfectly fine idea.
Here are some of the top mistakes people make when it comes to For Sale By Owner Portland Oregon:
Don’t draft the real estate contract by yourself
When it comes to contracts of any kind it is always a good idea to get a lawyer. It is one thing to learn how to sell a home on your own it is another to instantly have a law degree. There is a huge amount of money on the line so having a lawyer from the get go is your best course of action.
Incorrectly pricing your home For Sale By Owner Portland Oregon
Pricing your home to sell is a tricky process, one that can be simplified by choosing a realtor. Selling your home on your own sounds good but many people have found that in the end they got less for their home than they would have even after brokerage charges. That is why you need to have an appraiser come in and tell you what your home is actually worth.
You might even want to consult with some real estate agents to find out what they feel the asking price should be. This way you can feel confident that you are asking the right amount for your property.
Failing to put in federal lead based paint disclosure documents
This is something many people don’t even know exists. If your home was built before 1978 it is the law for you to give a lead based paint disclosure form to the buyers. If you were to skip this step you could find yourself in a lot of trouble.
Failing to keep track of those who view the home
Unfortunately, there are people out there that spend their days casing homes for sale by owner Portland Oregon so that they can come back and rob it later. That is a scary thought but it is a reality, that is why you need to keep track of each person that comes in the door. If you can get a description of their vehicles, including license plates, all the better. You can never be too careful.
Keep all of this in mind when looking to go the For Sale By Owner Portland Oregon route and remember to do a lot of research on this topic and you will come out with the right amount of money in the end.