5 Tips for Going the For Sale By Owner Route

May 18, 2015 Real Estate Agent Handing Over the House Keys in Front of a Beautiful New Home and For Sale Real Estate Sign.

Thinking about selling your home? Spring is the time to get a jump on it!

But if you’re like many homeowners, you’re not looking forward to the costs of selling your home. It used to be that For Sale By Owner was a scary, complicated process. But with the tools available online today, selling your own home is easier – and faster – than ever.

Millennials are the most likely demographic to both sell and buy FSBO homes, according to Steve Udelson, president of Owners.com, a website for FSBO buyers and sellers. But other generations are also using the online tools to sell their homes without a Realtor or to buy FSBO homes.

Why FSBO?

Going FSBO is a little scary. There’s a lot that goes into listing, showing and selling a home. However, today’s online tools are great for expediting and easing this process. And there are plenty of benefits to selling your home on your own.

The main benefit of selling on your own is saving money. Even if you decide to use an online multiple listing service, which comes with a small upfront fee, you’ll still save much more than if you had worked with a Realtor. For instance, Udelson says the average Owners.com seller saves $9,500 in selling costs.

How to Prep Your Home for Sale

Getting your home ready for sale is essential, of course. So spend the spring brushing up your home and landscaping to get sale-ready. This may mean painting over bright walls with beige, which lets potential buyers put themselves into your space rather than just see your tastes. It could also mean trimming the tree in the front yard, or planting some pretty annuals by the mailbox.

Once you’ve done the basics for maintenance and decor, it’s time to think about selling your home on your own. And this means you need to worry about things you wouldn’t have to with a real estate agent: listing and marketing your home. Here are some steps you need to take:

  1. Market pricing
  2. Good pictures
  3. A detailed listing
  4. Be available
  5. Get ready for closing

For detailed information on how to sell your home without an agent. Read full article here.