How Do I Sell My House for Sale by Owner?
Inform potential buyers that you are selling your house.
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Buying a new house that accommodates your family is exciting; however, if you want to avoid renting your current house, you will need to sell it. Selling the home that you own will require some of the procedures that a real estate agent would use. The benefit of selling your home without a real estate agent may result in a larger check at the settlement table. According to Bank Rate, “Some buyers target properties that are "for sale by owner" (also known as FSBOs, and pronounced FIZ-bows), thinking that owners will pass along their savings from avoiding an agent's commission--usually about 6 to 7 percent of the asking price.” An owner who is selling a house may enjoy this too.
Find the market value for your house. Visit websites such as Zillow or Trulia to determine the fair market value of your house. Additionally, you may need to research comparable sales, which have similar upgrades or improvements as yours, to get a more accurate valuation for your house, as these website will not necessarily reflect recent upgrades.
Create a plan that reflects your selling price and the minimum offer that you will accept. Write these amounts and include the maximum contribution that you can pay toward a buyer’s closing costs.
Place a for-sale sign in front of your house with a "take one" tube attached. Insert fliers that provide details about your house. Include a phone number so that potential buyers can call you.
Advertise the sale of your home online using services such as For Sale By Owner (see Resources section), Oodle or Craigslist. Use of the Internet can help you reach more potential buyers. Use a digital camera to take photos of your house. Adding pictures to your online listings will provide buyers with some visual details about your house. Utilize local newspapers to advertise the sale of your house.
Use social marketing to help sell your house. Inform your friends and family members that you are selling your house via platforms such as Facebook, Linked In or Twitter.
Clean your house. Buyers will notice the smallest amounts of debris. Make extra efforts to clean your windows, carpets, floors, bathrooms and kitchen. Remove excess clutter from your house.
Improve the curb appeal of your house. Ensure that your lawn and hedges are well manicured. Clean your driveway, porch and all areas of your yard.
- Be prepared for buyers who may want to see your house on short notice.
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About the Author
Ray Cole has written professionally since 1999 and has designed dozens of Web sites. Cole writes for eHow and "SF Gate." As a small business owner for over 15 years, he provides mortgage services, credit-related help and financial planning for his clients. Cole is currently writing a book about personal finance. He has also studied and taught martial arts for over 31 years.
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