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For Sale by Owner Tips on Selling Your Own Home Lesson 1 Courtesy of Don Loyd, Principal Broker Knipe Realty, NW www.DonLoyd.co m

For Sale by Owner Tips

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Here is lesson #1 in a series designed to help "For Sale by Owner" home sellers. The tips in the series will help anyone wanting to gain important information about how to sell home as quickly as possible for the most money. Good Luck as you try to sell your home.

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Page 1: For Sale by Owner Tips

For Sale by OwnerTips on Selling Your Own Home

Lesson 1

Courtesy of Don Loyd, Principal BrokerKnipe Realty, NW

www.DonLoyd.com

Page 2: For Sale by Owner Tips

DisclosureThe purpose of this presentation is educational in nature based on the experience of the presenter whose opinion is based on past experience. The presenter is neither an Attorney, Tax Advisor, or

CPA. If these services are needed, please contact a competent professional

Courtesy of Don Loyd, Broker

www.DonLoyd.com

For Sale

by Owner

Page 3: For Sale by Owner Tips

The GoalEnding up with more money at closing .

This money, called net return, isthe selling price less your debt and costs.

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www.DonLoyd.com

For Sale

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Page 4: For Sale by Owner Tips

The GoalSpending big bucks on improvements

and marketing might get you a higher price but won’t necessarily increase

your net return.

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www.DonLoyd.com

For Sale

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Page 5: For Sale by Owner Tips

The GoalYour strategy is to do only those things that

will likely increase your selling pricemore than the cost of doing them.

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www.DonLoyd.com

For Sale

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Page 6: For Sale by Owner Tips

The Goal

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Page 7: For Sale by Owner Tips

Be HonestYou’re entitled to the highest price. But some

say that there is a fine line between salesmanship and deception.

(SERIOUSLY?)

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Page 8: For Sale by Owner Tips

Be HonestPainting a room to improve cosmetic

appearance is salesmanship. Painting a room to hide leaks on the ceiling is deception.

The difference is clear.

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For Sale

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Page 9: For Sale by Owner Tips

Be HonestHome sellers disclose everything about their home, including defects suspected

and known to exist .

Why?

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For Sale

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Page 10: For Sale by Owner Tips

Be Honest

1. Save your yourself from a law suit

2. Save sleepless nights when a suit is filed

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For Sale

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Page 11: For Sale by Owner Tips

Be Honest

If you fail to give your prospective buyer a property disclosure, they could back out of

your transaction at the closing table .

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For Sale

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Page 12: For Sale by Owner Tips

Be HonestDanger:

AND you REFUND their EARNEST MONEY!

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Page 13: For Sale by Owner Tips

Be Honest

If you lose your buyer, YOU LOSE TIME

AND you start all over again.

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www.DonLoyd.com

For Sale

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Page 14: For Sale by Owner Tips

Be Honest

Both sellers and buyers are winners when salesmanship is combined

with honesty.

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www.DonLoyd.com

For Sale

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Page 15: For Sale by Owner Tips

Courtesy of Don Loyd, Broker

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For Sale

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Page 16: For Sale by Owner Tips

Prep Work

1. Make sure the lawn is neatly mowed, raked and edged.

2. Prune and shape shrubbery and trees to compliment your home.

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Page 17: For Sale by Owner Tips

Prep Work

3. Plant seasonal flowers along the walks and in the planting areas.

4. Add an inch or two of bark mulch around your shrubs and trees.

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Page 18: For Sale by Owner Tips

Prep Work

Remove everything that you can temporarily live without.

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Page 19: For Sale by Owner Tips

Prep Work

Put everything you can into temporary storage, donate it to

charity, sell it, give it away,or burn it.

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For Sale

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Page 20: For Sale by Owner Tips

Prep Work

WHY?

I’m attached to my stuff!

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For Sale

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Page 21: For Sale by Owner Tips

Prep Work

1. Makes your home look bigger.

2. Allows a prospect to more easily imagine their own items in your

home.

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For Sale

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Page 22: For Sale by Owner Tips

Prep Work3. Allows you to remove personal

fixtures now so that you won ’t have to bargain over them later.

4. Neutralizes the personality of your home.

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Page 23: For Sale by Owner Tips

Prep Work5. Gives the home inspector

greater access.

6. Lowers the cost of packing and shipping items.

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For Sale

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Page 24: For Sale by Owner Tips

Prep Work7. Prepares your home for cleaning,

painting, etc.

8. Creates a possible tax deduction if you donate items to charity.

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Page 25: For Sale by Owner Tips

Prep Work Tip:

Videotape anything put into storage in case you later need to

support an insuranceclaim or tax deduction.

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Page 26: For Sale by Owner Tips

Prep Work.

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Page 27: For Sale by Owner Tips

Prep Work

EMPTY AND ORGANIZEYOUR CLOSETS AND CABINETS

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Page 28: For Sale by Owner Tips

Prep Work“Fun” Fact:

Prospects will look in closets and cabinets. Make them appear larger

by emptying them.

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www.DonLoyd.com

For Sale

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Page 29: For Sale by Owner Tips

Prep WorkFew things increase marketability as much as cleaning. Used car dealers

wouldn’t think of selling a car without detailing it first.

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Page 30: For Sale by Owner Tips

Prep Work

1. Steam clean carpeting.

2. Clean windows inside and out.

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Page 31: For Sale by Owner Tips

Prep Work

3. Scrub bathrooms, and keep them spotless.

4. Degrease the oven.

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For Sale

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Page 32: For Sale by Owner Tips

Prep Work5. Clean the water heater, furnace, and anything else prospects will be

paying extra attention to.

6. Power wash your siding and deck if needed .

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Page 33: For Sale by Owner Tips

Prep WorkStop Smoking

Cigarette smoke causes odors and stains.

Now is the time to kick the habit, at least indoors.

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Page 34: For Sale by Owner Tips

Prep Work

Replace worn carpet with inexpensive, neutral colored

carpeting

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Page 35: For Sale by Owner Tips

Prep Work

The worse your existing carpetingis, the better the return you’ll get on

this investment.

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Page 36: For Sale by Owner Tips

Prep Work

Tip: Use this opportunity to screw down loose and squeaky sub-flooring.

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Page 37: For Sale by Owner Tips

Prep Work

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Page 38: For Sale by Owner Tips

Prep Work

DON’T BUY ANY NEW MAJOR

APPLIANCES OR FURNITURE

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For Sale

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Page 39: For Sale by Owner Tips

Prep Work1. They won’t make your home look

much better.2. The buyer will not reimburse you for

them at full price.

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Page 40: For Sale by Owner Tips

Prep Work

3. They cost money to move.

4. They clutter up the place.

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Page 41: For Sale by Owner Tips

Prep Work

5. The buyer may not share your taste.

6. The prospect doesn’t value them as much as they cost you.

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For Sale

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Page 42: For Sale by Owner Tips

Prep Work

Exception: Tasteful mirrors can help direct sunlight or make a home

appear bigger.

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Page 43: For Sale by Owner Tips

That ends lesson one. Be sure to check out lesson two.

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For Sale

by Owner

Page 44: For Sale by Owner Tips

Contact me if I can be of help.

Don Loyd, BrokerKnipe Realty NW

503-707-9195www. DonLoyd.com

Courtesy of Don Loyd, Broker

www.DonLoyd.com

For Sale

by Owner