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FSBO Tips for Selling Your Chattanooga Home

Selling a home is complicated and full of legal issues that anyone considering selling "by owner" needs to be aware of.  However, two of the most important things you need to know in order to be successful as a FSBO (for sale by owner) home seller have nothing to do with legal issues. 

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What is AN AS IS OFFER?

To make an as is offer on a Chattanooga home is to state that you, the buyer, will take the property in the condition it is in as of the date you make the offer, and will not ask the seller to do any work or repairs to the home. You can see why these offers are so attractive to sellers; they love the idea of being able to mentally move on from this home to the next one as soon as they accept your offer. In the olden days, many states required that certain basic condition standards be met by every property sold, whether or not the buyer asked the seller to do any work: no broken windows, no termites, etc.

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Why should you have a Pre-Listing Inspection

Typically, the home inspection occurs after you have a contract on your home. It will uncover any problems with the home, whether large or small. Most buyers will use issues found on a home inspection to renegotiate the price of the home, ask for you to make repairs or they may even walk away. At the very least, a buyer’s estimate may be more costly to the seller’s bottom line.

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