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Selling Your Own Home - A Step-by-Step Guide | by Helen Manning and Thealzel Lee



Selling a house privately can be exciting, nerve shattering, frightening and a lot of fun. We did it and saved thousands of dollars. With our help, we know that you can do it too.

TitleSelling Your Own Home - A Step-by-Step Guide
AuthorHelen Manning and Thealzel Lee
PublisherSummerhill Press Ltd.
Year1989
Copyright1989 Helen Manning and Thealzel Lee
AmazonSelling Your Own Home

Dedicated to Terry who said it should be done; and Wil who made it possible

-Front: Selling Your Own Home
A Step-by-Step Guide Helen Manning and Thealzel Lee 1989 Helen Manning and Thealzel Lee Illustrations by: Sweetwater Published by: Summerhill Press Ltd.
-Preface
Selling a house privately can be exciting, nerve shattering, frightening and a lot of fun. We did it and saved thousands of dollars. With our help, we know ...
-Chapter 1: Setting the Price
How much? Let's face it, when you are looking for a house, you do not consider a mansion if you only have buying power for a cottage. Prospective buyers of ...
-Chapter 1: Finding The Asking Price
1 Comparable Home #1 (1) List price $210,000 (2) Selling price $199,900 (3) Difference $10,100 (1) - (2) (4) Spread 4.8% (3) / (1) x 100) 2 Comparable Home #2 ( ...
-Chapter 2: Prepare Your Home For Sale
Curb appeal, or can you tell a good house from its cover? The term that the professionals use to describe how good a house looks from the outside is curb ...
-Chapter 2: Spick And Span — Clean And Tidy
Get rid of those cobwebs, freshen up the paintwork, clean off those tiny fingermarks, dehumidify the basement, repair the leaky faucets, fix that hole in the ...
-Chapter 3: If You Can Afford it, Get Outside Help
When in doubt, ask the experts! The Home Inspector your own private eye! Our experience tells us that if we want an honest appraisal of the condition of our ...
-Chapter 3: What your home inspector should do for you
Examine all systems of the property: Structure settling problems termites, dry rot, etc. Exterior condition of roof, chimneys, eavestroughs, siding, brickwork, ...
-Chapter 3: Home Inspection: How much should you expect to pay for this service?
Our research shows that the cost of the service is based on the value of the property to be inspected. In large urban centres the inspection will cost between $ ...
-Chapter 4: Use a Lawyer
Your right hand! A private home seller's best friend is a good real estate lawyer. Choose that lawyer carefully. It is essential to have a lawyer with current ...
-Chapter 5: Examine Your Mortgage
You could gain an investment! Very few people have the full amount to pay for a property when they buy it, especially in these times of escalating house prices.
-Chapter 5: Repaying The Mortgage
There are two ways to repay a mortgage: Method 1 The Demand Mortgage The mortgagor repays specific amounts of principal on each payment date, plus interest on ...
-Chapter 5: Financing Your Sale
To take back or not to take back ! Under most conditions the best way to sell your property is without passing on the mortgage known as a cash deal . A cash ...
-Chapter 6: Obtain a Standard Form of Agreement to Purchase
Sign here please! A standard form of agreement to purchase is available from your lawyer or most stationery stores. This is the piece of paper that states the ...
-Chapter 7: Compile a Fact Sheet on Your Home
Your home's vital statistics! he prospective buyer needs to know many details about a property before the decision to purchase a property can be made. Because ...
-Chapter 8: Timing
The right place sells best at the right time! Do you think we should wait till spring? When choosing a time to sell your home, bear in mind that there are ...
-Chapter 9: The Action Plan
Follow the critical path! Follow a detailed plan of action when you decide to sell your property. Plan time to research the market, complete the make do and ...
-Chapter 10: Finding the Prospective Buyer
The countdown begins! You have researched the market, so you know that your property is competitively priced. You have completed all the necessary improvements ...
-Chapter 11: It Takes Time To Sell a House
Was Rome built in a day? Do not give up if the house takes more time to sell than you had hoped. Real estate agents will tell you that depending on where your ...
-Chapter 12: Showing Your House
If it shows well it will sell well ! Walk over the whole house and tidy up the odds and ends before prospective buyers arrive. When they enter your home, do ...
-Chapter 12: Pointers For An "Open House"
Showing your house during open house periods is really not very different from showing it at any other time except that you cannot use appointments to control ...
-Chapter 13: Dealing With Agents
The guys in the black hats! People who sell their own houses privately do so to avoid the cost of realtor's commission. Though we all have the legal right to ...
-Chapter 14: Identifying the Serious Buyer
Snagging and landing a live one ! If prospects viewing the property appear interested, you should calmly attempt to sell it to them. How To Recognize A Serious ...
-Chapter 15: Negotiating Offers: section 1
Let's get down to some serious business! Congratulations! You have reached another mile-stone someone has made you an offer! Do not accept or dismiss an offer ...
-Chapter 15: Negotiating Offers: section 2
Consider The Items In The Offer Each individual item in a formal offer should be checked carefully. The Price The first item to consider is the price. This is ...
-Chapter 15: Negotiating Offers: section 3
Property must be free of all encumbrances The term encumbrances refers to mortgages, court judgements, mechanics' liens, and caveats, all of these may be ...
-Chapter 15: Negotiating Offers: section 4
Closing Date On what date do you wish the purchaser to close the deal? A period of thirty to ninety days traditionally elapses between the acceptance of the ...
-Chapter 15: Negotiating Offers: section 5
The Sign Back To sign back , means to make changes to the original offer by crossing out the items in question. The changes are then written in and all parties ...
-Chapter 16: The Closing
It's champagne time! You did it! The purchaser signed back the offer with no other alterations. The deal has been made, the parties involved are in full ...
-Conclusion
Sounds like fun? Selling your house privately can be a most rewarding and lucrative experience. But remember, it does involve commitment and lots of patience.
-Glossary of Real Estate Terms: A-C
Abstract The written history of your property that you can view at your local registry office. Agreement Of Purchase And Sale A contract between the purchaser ...
-Glossary of Real Estate Terms: D-H
Deed The legal document that is used to transfer ownership from vendor to purchaser. Deposit Usually between 5 and 10 percent of the purchase price. The ...
-Glossary of Real Estate Terms: House Styles
Bungalow A one floor building with a basement. Cape Cod Storey and a half home with two or more dormer windows in the roof. Century Home Home erected over one ...
-Glossary of Real Estate Terms: I-M
Instrument A legal document; the deed is an instrument. Joint Tenancy Multiple ownership of a property, where on the demise of one party the ownership of that ...
-Glossary of Real Estate Terms: Mortgage
A loan by a lender (mortgagee) to a property owner (mortgagor) where the property itself is provided as security (collateral). Amortization Period The amount ...
-Glossary of Real Estate Terms: M-T
Multiple Listing Service (MLS) The distribution of listings by real estate boards to its membership. The vendor is charged an extra commission for this service.
-Checklist Of Condition Of House
Here is a checklist of conditions to use when you sell a home:
-Back: About the Authors
Manning and Lee have been involved in the real estate market as gifted amateurs for the past twelve years. They have successfully sold homes privately and ...









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