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How to Do a Home Sale by Owner on Your Own

Home Sale
Home Sale

Are you tired of realtors and banks taking a chunk of money every time you sell your house? Are you a do-it-yourself kind of person?

Well selling your house by yourself is a great option! And it's not nearly as hard as you might think it is, as long as you're doing the right things and the market is in the right place.

For Sale By Owner is a term that tends to stress sellers out because it means they have to do all of the work promoting and setting up showings. But this can also be a rewarding and fulfilling process.

Keep reading to find out how to sell your house without the middleman!



For Sale By Owner: What Is It?

When you sell your home through an agent, they can sometimes take up to 6% in commissions. The current average sale price for a single-family home is about $289,000. That means you are losing out on over $17,000 by using an agent.

For Sale By Owner means that instead of having somebody else who gets your listing posted, handles showings, and works as a mediator between you and potential buyers, all of that responsibility falls on you.

This might sound stressful, and it could be for the wrong person. But if you feel comfortable with the negotiation process and have some good knowledge of the current housing market, selling yourself could be a great option. Here are some tips to help you be successful and to help you sell your house fast!


1. Prepare Yourself

Selling your house without an agent means that you are going to be spending a significant amount of time trying to get your house sold. That means being available for showings, meetings with buyers, having potentially multiple inspections, and more.

For Sale By Owner is not for the faint of heart. But selling your property without an agent is possible if you've got the drive and motivation to put in the work!


2. Do Your Research

One of the most important things you will want to do is dive into research. Make sure to cover all aspects of your house. This means looking up prices for more than just similar size houses.

It means looking at similar sizes, locations, school districts, house layouts, amenities and just about everything else you can think of. Developing a good idea for what houses similar to yours have sold for, will help you set the perfect sale price from the beginning.

The right price can make all the difference in selling your house fast!


3. Marketing & Open Houses

Another key part of selling your house is letting people know it's actually on the market. Utilizing sites like MLS and Zillow are a good start, but they are only the beginning. Take advantage of free posting sites such as Facebook, Craigslist and Twitter.

Creating printed material such as brochures are also a great option. This allows you to have information about your house on hand at all times. You never know who you might run into!


4. Be Ready To Negotiate

One of the hardest parts about For Sale By Owner is the negotiation process. The goal at the end of the day is to sell your house. There's nothing wrong with having a price in mind for what you want to sell it for, but be prepared to lower the price if needed in order to get it sold.

Don't allow stubbornness or greed prevent you from making the sale. That isn't saying take $20,000 less than asking price, but don't let a couple of thousand dollars get in the way of locking down the sale.


Get It Sold!

There is never any guarantee that your house will sell quickly, whether using an agent or not. But if you do your research and put in the work, For Sale By Owner could be a great way for you to greatly increase your profit margin.

Head to our website now for more tips and tricks to help you sell your home as quickly as possible!

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