Las Vegas Fisbo tips

Be prepared to do your own research about the market and the sales process of Las Vegas real estate.  I can help some if you give me a call.

Know the legal disclosures you must make in Nevada.  Again I can supply you with some information on this.

Prepare yourself to stay unemotional about the sale; it is critical to you success.

Be prepared to give up private time on the weekends and evenings to show your home, qualify buyers and negotiate.

Once you've figured out what the asking price for your house should be, subtract the amount you would pay an agent if they were to sell it at that price, and reduce your asking price by a like amount, passing on your savings to the buyer. Your house will be priced lower than other comparable ones in your area, and buyers are likely to respond quickly and enthusiastically.  Most buyers will do this as the only reason they have for the trouble of purchasing a "buy owner house" with all that is involved if for them to save the commission.

If you choose to sell by owner, you will make all the decisions about when your house is available to be shown, about the correct price for the house, about the escrow company you use. All the advertising decisions - where and when your ads will run, what aspects of your home they emphasize - will also be yours.

You will need to be able to show your house at the buyer's convenience if you are serious about selling. You will need to pay for advertising so that potential buyers know your house is available, and do some research to know how to price your house. You will need to find and hire a good real estate attorney to tell you what things by law have to be disclosed to the buyer prior to a sale, look over any contracts, and ensure you do not inadvertently discriminate against potential buyers. You will have to negotiate directly with buyers, and with buyers' agents. You will need to find an escrow company to administer the closing.

To sell your own home takes time and effort. For the best results, you will want to read up on the process, your rights and your responsibilities.