Real estate market is full of competition. One of the most recent trends in the market is that of putting a property on the listing for sales by owner homes or FBSO. It is a theme in which the owner eliminates the role of a property agent and the owner carries out of the tasks and duties himself during the process of the sale. However, it has some advantages over the traditional methods of selling a property but it requires more vigilant role-playing the owner as well.

For selling the house in a chronological order, the owner must start by inspecting and repairing his property. It may seem like a rudimentarily simple step but it includes various complex processes and numerous small tasks. Sometimes, the owner gets tired and confused in the very beginning of the sale process due to this step. However, keeping some basic points in mind can make the step easy for you. Here are some considerations for you to checklist before putting your house on the listings of for sales by owner homes or FBSO.

First of all, you must tour your property with a critical eye. Taking help from an outspoken friend in this regard can help you a lot as such people always provide you with first hand honest advice as an outsider. There are usually three types of problems in a potential house for sale:

Functional Repairs and Upgrades:

You must ruthlessly examine the functional capacity of your appliances. Your gold line refrigerator may have spent last four decade being loyal to you and might contain the capacity for another ten years but why would a potential customer pay for an up-to-date kitchen with an antique refrigerator?

Similarly, you must examine the conditions of the structural elements, the roof, air conditioning, heating, electrical, and plumbing of your house. Replacing or repairing iffy systems means eliminating the reasons for people to reject your property.

Cosmetic Problems:

You can categorize them as the problems that can be quickly neutralized or fixed with low cost. You must paint the grimy walls, replace the torn carpeting, and refinish the underlying hardwood floors. You must also do some small repairs such as crooked light fixtures and torn window screens. You can also update the decoration of your house through freshening and touch-ups. You must also soften the strong color schemes in various parts of your property to make it more appealing to the potential customers.

Problems You cannot Fix:

There are certain things that you cannot fix about your property. You can categorize them under this category. These problems include things like the location of your property, noise and traffic patterns, the school district, your neighbors and other factors.

You must be honest in evaluating the impact of these factors on your property. If they are impacting the market value of your house then you must price the real estate accordingly. You must disclose to your potential clients some other unfixable problems within your property such as seepage in the garage as per the state law.