For Sale By Owner: How To Do a Private Sale In Orlando

Have you been looking for a way to sell your home but can’t find a way that suits you? You might find it easier to sell your Orlando property privately instead and avoid any real estate agent commission fees. It’s okay to not know where to get started – we’re here to help you along the way.

Do Your Research

Start looking at houses on the Orlando market that are similar to your property and see what they’ve got going for them. Feel free to attend open houses and inspect what other people have done to stage their houses and check out how other buyers feel about it. This can also teach you how to act like a pro and show buyers around your house like you’re the real estate agent. 

You can also go around these open houses and take on the persona of someone who wants to move to Orlando FL or even just search online to see what potential buyers will experience when searching. This can also help you to gauge the competition and learn from sold Florida listings by seeing what helped them succeed and applying it to your own situation. 

Inspect the Florida and Orlando Real Estate Market

There are a lot of factors in determining the value of your Orlando property, and while you may not know them straight away, you can learn about these factors by maintaining an emotional distance from your home and pricing it appropriately. 

You can also use real estate websites to discover the average prices per square feet of houses in your neighborhood as well as contacting local municipalities in Orlando and ask for advice from realtors who’ve worked with the same type of property. 

Hire A Professional Photographer

When you start advertising your home, you’re going to want to stage it for future buyers. Think about those open houses you visited and what those buyers were looking for as a starting point, then starting cleaning up the property.

Buyers won’t know the ins and outs of your property the way you do, and that’s why you have to advertise this by staging it. Highlight the best parts of your home and hire a professional photographer to catch the buyers eye with quality pictures rather than simple ones taken on your phone. A professional photographer will know how to take advantage of lighting in your home to take the perfect photos for your house listing. 

Familiarize Yourself With Florida State Laws

Unless you’re a lawyer or already work in that area, you’ll need to acquaint yourself with Florida state laws regarding selling your own home to avoid getting sued or fined. You’ll specifically need Florida state laws for Orlando, as these laws can change for each state in America. 

At the basic level, you are legally required to disclose any imperfections your home may have, such as lead paint being present or any electrical or plumbing systems that aren’t built to code. In addition, we advise you to stay mindful of the language you use in your listing as the law prohibits the seller from discriminating against any protected class of citizen. You may not intentionally be discriminating, so it can help to have a fresh set of eyes to look over your listing before you post.

Prepare For Negotiations

Once you’re getting offers, you need to consider what kinds of negotiations you’ll be doing. To ensure your offers are from serious buyers as opposed to people who may drop out, have them submit their offers in writing to you. If you feel like you need to negotiate a better deal for yourself, you’ll need to consider a number of things during your discussions.

Firstly, your tone should be amicable and calm and you should be cordial in your communications as this will make the buyer feel comfortable. You want a good deal which both parties are happy with so if there’s ever any issues, try to find a middle ground and check if you can both compromise.

Conclusion

When you sell your home, it’s okay to be emotional about it. You may have lived there for years and feel torn but it’s important to emotionally distance yourself from it and approach it from a buyers angle – learn their process and get your home ready for it’s new owner!

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