real estate forms, purchase contracts and detailed home selling tips for selling by owner

fsbo Home selling tips...

For sale by owner: real estate forms & contracts plus fsbo selling tips; how to sell your own home.
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fsbo tips for selling your own home plus real estate purchase contracts and legal forms.    
Ignore Roger and consider the following fsbo rules before adding a deck to the home you plan to sell:

Rule 1:
If the house is in poor condition, improvements can increase the sales price.

Rule 2:
A thousand dollars spent to improve a home that is in good condition, seldom adds a thousand dollars to its sales price.

Rule 3:
Nothing adds value to a home like improvements to kitchens and bathrooms.

 

Cost vs. Improvement in Sales Price:

The table below, from a recent magazine survey, confirms our own observations. Typical home improvement projects are listed on the left. On the right, is the dollar amount added to a home's selling price for every $1000 spent on the project.

Project $ added to price
Minor kitchen remodeling $990
Adding a Bathroom $900
Major Kitchen remodeling $850
Adding a Family room $830
Adding a Deck $700
Replacing Windows $680
Replacing Siding $680
Reading the table:
  • On average, a person who spent $1,000 to add a bathroom, saw a $900 increase in the price of his home.
  • The family who spent $1000 to add a deck, saw a $700 increase in the sales price of their home.
Bottom Line:
  • Don't spend money to improve a house you plan to sell unless the house is in such poor condition that it cannot be sold without improvements. For example: the house needs a new roof to keep out the rain; or a modern bath with a shower.
  • Improvements might make sense if you can do the work yourself. If you can add kitchen cabinets for $500 rather than $1,000, you can still expect the $990 increase in the value of the home. On the other hand, shoddy work on those kitchen cabinets can reduce the value of your home.

 

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Complete For Sale By Owner Kit $59.95
Includes contract package and photo tour packages below, plus a for sale by owner yard sign with stand and a directional sign. Internet listing remains active until home is sold.
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Contract Package $14.20
Includes real estate forms and photo tour packages below, plus a home for sale by owner yard sign with stand and a directional sign. Internet listing is for 6 months plus a free 6 month extension.
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Photo Tour Package $26.95
Internet web page ad with up to ten pictures of home plus property description and choice of 28 eye-catching headlines to sell your house. Also includes choice of two advertising flyers for local distribution.
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