Selling your Michigan home yourself – also known as “for sale by owner” of FSBO for short – is an exciting undertaking.
It means fewer fees and more control over when you sell, how you sell, and whom you sell to…
But it also comes with its challenges.
If you choose FSBO over working with a Metro Detroit real estate agent, you’ll have to market the home, show the home, negotiate with buyers, and deal with all the paperwork – all by yourself.
If you’ve never done it before, FSBO can be a bit overwhelming. It can be hard to know where to start!
At Mitten Made Properties, we’ve been working in Southeast Michigan real estate for quite some time, so we thought we’d share a quick overview of the FSBO home-selling process.
If you’re going the FSBO route, here are the steps in store:
Choose a Price
The first step is to decide on a price. Look at other similar homes in the area and what they have sold for recently to get a baseline.
Then you’ll need to repair the home and update it to make it “buy worthy.” The better shape it’s in, the easier it’ll be to sell.
Once you’ve freshened up the paint, cleaned up your property and fixed up anything outdated, you’ve got to get your home in front of potential buyers. Taking great photos of your home is a necessity, then you’ll need to list it on the MLS; post it on Craigslist, Facebook Marketplace, Nextdoor, or other online outlets; schedule and lead home showings; and negotiate with potential buyers.
Once you and a buyer have agreed on a price, it’s time to pull out the contracts and other important paperwork. This includes the property survey, receipts and warranties, plans and permits, loan documents, the title, floor plans, and more. You’ll want to go through a title company to make sure everything is filed properly.
That’s the overview – of course each of these steps has a million little pieces and you can find more detailed tips for most of them right here on our blog.
Now, there IS a way to sell your Michigan house without an agent, without repairs, without the stress or headache – and in WAY less time. (Would you believe it can be done in as little as two weeks? We can make that happen!)
It’s definitely worth comparing our process if you’re considering FSBO or even working with an agent.
At Mitten Made Properties, we can make you a fair cash offer on your Metro Detroit property, buy it completely as-is (even if it wouldn’t pass inspection), handle all the paperwork, and close really fast. Give us a call at (248) 883-3340 to learn more!