Listing a home “For Sale by Owner” is an option many sellers choose to save money on the transaction. Without working with a real estate broker, the seller doesn’t have to pay broker fees on his end. Using different resources to list the home for sale by owner is the best way to quickly find a buyer.
Obtain the market value of the home. This will help you determine the best price to sell your property. Visit online real estate sites such as Zillow or Trulia to find out the recent sale prices of comparable homes sold in your neighborhood. You can also hire a real estate appraiser to get a value for your home.
Place a “For Sale by Owner” sign in front of your home with your contact information. Many hardware and home improvement stores sell attractive “For Sale by Owner” signs.
Use sale-by-owner Internet services to list your house for sale on one or more of these websites. You will need to register with these sites, provide a written description of the important property features, upload a current image of the home, and provide information on any open houses you intend to host. The image should provide an accurate visual of the property. Some sale-by-owner sites charge fees for allowing sellers to list their properties, while others offer free listings.
Purchase advertisement space in local newspapers and classified ad publications listing your home as for sale by owner. Again, you will need to provide an accurate description of your property as well as your contact information. You can also advertise open houses in these publications.
Set up times to allow potential buyers to view your home. If you hold an open house, include the time, address and reliable directions to the home. Have those attending the open house leave their names and contact information so you can follow up with a phone call or e-mail to hold further negotiations.