1 - Do you have the time and a flexible schedule to devote to the planning, preparation, and showing of your home ? ( ) Yes ( ) No

2 - Are you comfortable dealing with contracts and legal issues? ( ) Yes ( ) No

3 - Are you available on short notice to show your home? ( ) Yes ( ) No

4 - Are you OK with letting strangers into your home for Open Houses and showings?
( ) Yes ( ) No

5 - Do you have the ability to pre-qualify a buyer before showing your home? ( ) Yes ( ) No

6 - Do you have the time, budget, resources and expertise to market your home as a FSBO?
( ) Yes ( ) No

7 - Do you know how to effectively market and advertise your home using the internet, newspaper, color flyers etc ? ( ) Yes ( ) No

8 - Do you know what must be disclosed to a home buyer and what does not need to be disclosed?
( ) Yes ( ) No

9 - Do you understand the current real estate market in the Richmond, Metro area? ( ) Yes ( ) No

10 - Can you comfortably negotiate with buyers on price, make counter offers, and amendments as needed, without becoming emotionally involved?
( ) Yes ( ) No

12 - Do you know how to comply with the latest Local, Federal, and State requirements. This includes seller's disclosures, toxic substances (asbestos, lead, mold, etc.), building permits, and subdivision documents? ( ) Yes ( ) No

13 - Do you know what you can and can't say regarding "Megan's Law" and Fair Housing laws?
( ) Yes ( ) No

14 - Do you know how to handle a request for closing costs or mortgage discount points?
( ) Yes ( ) No

15 - Do you know how to handle the situation if a buyer has a home to sell before they can close on your home? ( ) Yes ( ) No

16 - Are you prepared to arrange for a survey, termite inspection, and are you ready to deal with other professionals involved in the sale such as home inspectors, appraisers, and escrow officers?
( ) Yes ( ) No

17 - Do you know how to ensure your home is inspected by only a reputable competent home inspector? ( ) Yes ( ) No

18 - Do you know how to follow up on the buyer's financing to ensure that they will be approved?
( ) Yes ( ) No

19 - Are you aware of the legal and financial liability that can come with selling a home as a FSBO if you make a mistake? ( ) Yes ( ) No

20 - Are you 100% sure that after you go through all of the steps necessary to sell your home yourself, your "bottom line" will be greater than if you just paid a Realtor to handle the sale?
( ) Yes ( ) No

21 - Did you notice that there was no question number 11? ( ) Yes ( ) No

22 - Did you just go back and look? Smile

# of YES answers Your Chances of Becoming a Successful FSBO . By the way don't count #21 & #22.

1 - 6 Quick Call a REALTOR.

7 - 11 Your taking a big chance with one of your biggest assets.

12- 15 You have what it takes. With a little bit of research you should be successful.

16 - 19 Go For It! You Are Awesome!

If you failed the test, don't give up yet, all is not lost. I'm here to help you sell your home and save thousands on commissions. I'm not a Realtor, but I can help you find the resources, and information you need to successfully sell your home.  Please take a look around this site.  You'll find most of what you nees here.

You can also email me with any questions you may have regarding the sale of your home. If I don't have a good answer for you I will point you in the right direction. Please us the contact form to contact me.

Good Luck

H1 Enterprise

The exclusive local representative for:

HomesByOwner.com of Richmond