Thinking of selling your home yourself (FSBO)? Take this 10-question quiz to assess your preparedness for the FSBO journey.
Instructions:?Answer honestly with "Yes" or "No" for each question.
- Market Savvy:??Have you researched recent sales of comparable homes in your area to determine a competitive listing price?
- Time Lord:?Are you comfortable dedicating significant time to marketing, showings, negotiations, and paperwork?
- Declutter Diva:??Can you effectively declutter and stage your home to create a neutral and inviting space for buyers?
- Disclosure Dynamo:?Are you familiar with the required seller disclosures in your state and prepared to be upfront about any property issues?
- Marketing Maestro:?Do you have a plan for effectively marketing your home online and offline using various channels?
- Open House Hero:?Are you comfortable hosting open houses and confidently presenting your home's features to potential buyers?
- Negotiation Ninja:?Can you confidently negotiate offers and counteroffers with potential buyers, considering market value and your bottom line?
- Contract Connoisseur:??Do you feel comfortable reviewing a purchase agreement, or will you seek legal guidance to understand its intricacies?
- Inspection Inspector:??Are you prepared to facilitate scheduling and access for required inspections like home and termite inspections?
- Closing Costs Champ:??Do you understand the closing costs you'll be responsible for and have them factored into your selling price?
- Mostly Yes (8-10):??You seem well-prepared for the FSBO challenge! Proceed with confidence and utilize resources like the 10-step course to guide your way.
- Mostly No (5-7):???Consider the time commitment and complexities of FSBO. Researching real estate agents and understanding their services may be beneficial.
- Few Yeses (0-4):??FSBO might be a big undertaking. Consider seeking professional guidance from a real estate agent or use online resources to learn more about the process.
Remember:?This quiz is a starting point. Research, preparation, and a realistic understanding of your abilities are key factors in a successful FSBO experience.
