Know your property.  If you aren't already, become familiar with such facts about your property as property taxes, zoning, lot size, square footage and more.  Also, review and be familiar with the terms of your existing loan.

Research the current market and property laws in your area. How much are properties similar to yours selling for? What are the terms of the sales? What property disclosure laws do you need to take into consideration.

Set your price.  Once you know the specifics about your home and have looked into what similar properties in your area are selling for, set a realistic price.

Determine financing alternatives.  Contact lenders in your area to determine what the options are for your prospective buyer. It's always good to be well informed.

Perform a "walk-through" of your property.  Look at it from the perspective of both the prospective buyer and the inspector. Take notes on all items that need to be repaired or replaced.

Information to be familiar with: Know your neighborhood.  Most prospective buyers will want to know about the local schools, shopping, parks, transportation, etc. Be prepared so you can knowledgeably answer their questions.