For Sale By Owner: The Inside Scoop On Selling Your Own Home

If you're thinking about selling your home perhaps the 'for sale by owner' signs posted on neighborhood lawns have intrigued you. When you browse the newspaper listings you see ad after ad boasting 'for sale by owner' as an added incentive for buyers and you envy the owners that are confident enough to try it.

There is plenty of money in real estate and who wants to split the profits with an agent? You have to ask yourself the question 'Should I try to sell my own home?'

Before you stick the black and orange 'for sale by owner' sign on your front lawn here's a few questions you need to answer?

"Do I have time to sell my own home?"

You guessed it ? a lot of the money you are paying your real estate agent pays for their time. When a prospective client is motivated the real estate agent is available to take the call, show the home and follow up the interest. It is vitally important to be available when an interested buyer is ready to act.

If you want to keep your cash then be prepared to handle calls in the middle of supper or even the occasional drive-by visitor. Knowing you're saving a few thousand dollars can make this little more than a tolerable distraction.

"Do I have the skills to sell my home?"

Not everyone is a born salesperson, but that doesn't mean you can't learn. If you find the challenge exciting rather than overwhelming you've got what it takes to pick up a few pointers and sell your home.

You'll also have to develop a keen eye for creating appealing ads and learning where to advertise. With the increase in 'for sale by owner' websites you can have your listing made available to a wide audience along with your newspaper listing.

"What do I need to know about handling the sale?"

All the information you need can easily be found in a book or you might ask someone who has successfully sold their own home. Looking for appropriate legal advice is not only necessary but will also help make the process run smoothly.

If you have an interest in selling your own home be prepared for real estate agents to contact you and try to convince you that you're missing out on opportunities that only they can provide. Make it your aim to do a little research, know your market and strategy and you can handle this just fine ? and keep your profits for your hard work!

Shannon Emmanuel is a freelance researcher and writer. Find out more about real estate investing and selling at http://ask-real-estate-listings.com

---

Should I Invest in Real Estate While Running an Internet Business?

Of course you should. I practice this for quite a... Read More

Real Estate Bubble Adding Price and Risk to Location, Location, Location Mantra

Real estate investors familiar mantra location, location, location are nervously... Read More

Protective Covenants ? Buying A Home

In addition to zoning, some properties have covenants recorded at... Read More

What?s Your Style? A Guide to America?s Most Common Home Styles

Styles of houses vary across the country. From the New... Read More

Are You Tired of Tenants, Toilets, and Trash?

Wouldn't you rather go to Tahiti? Are you a landlord... Read More

FSBO: For Sale By Owners Chapter Two

Sheriff's Deputy Ted Rasmussen was thinking about Carrie-his pregnant waitress... Read More

How To Give Yourself A $20,000/Year Raise Without Asking Your Boss

Why without asking your boss? Two reasons, one, he or... Read More

Maintaining Small Town Charm In An Ever-Changing World

Virtually any state in the country has the appeal of... Read More

Real Estate Investors - Red Alert

How's the real estate marketing doing? Is the huge jump... Read More

The Pros and Cons Of Hiring A Real Estate Lawyer

You're travelling in a foreign country and you get arrested... Read More

Boom or Bust

For those looking to invest in the real estate market?keep... Read More

Finding The Perfect Maui Home For Sale

If you are thinking of relocating to Maui, this article... Read More

Buying Real Estate Thats Not For Sale

Buying real estate can start with a look in the... Read More

Landscaping Adds Great Value to Real Estate And Helps You Sell

Over the years several of our clients have had professional... Read More

Stopping Home Foreclosure with Bankruptcy

Bankruptcy Will Stop Your Sale - At Least For Now... Read More

How to Use Color Psychology to Prepare Your Home for a Top-Dollar Sale (Part 1)

You've decided to prepare your home for sale. Whether you... Read More

Prepare Your House for a Successful Sale

Whether you list with an agent or sell on your... Read More

Homebuyer Heaven Can?t Possibly Last

With interest rates at record lows over the past year,... Read More

Should You Use a Property Management Company or Manage Your Real Estate Investment in Florida?

When considering investment properties, first of all, it must be... Read More

Condo Hotels Offer Luxury and Great Investment Potential

Not Your Typical Vacation HomeWhat could be more perfect that... Read More

Safe, Scenic & Secure Sussex County Delaware

As I write this, there is a considerable concern about... Read More

3 of the 5 Ways Real Estate Can Take Advantage of Blogs and RSS

Earlier this month, Realtor Magazine announced that they would be... Read More

According To Sellers, Silence Isnt Always Golden?

When trying to sell a home, silence isn't always golden... Read More

Take A Shotgun Approach

An effective real estate advertising strategy entails a 'shotgun' approach.... Read More

Selling a House is Easy

The thought of selling a house strikes fear into most... Read More

Top Tips for Buying and Selling a Home

BuyersLooking for a home-Use Internet for overview of properties, communities,... Read More

The Echo Boomers - The Next Big Consumers

The Echo Boomers or Generation Y currently make up about... Read More

10 Tips to Sell Your House Faster!

Here are some Handy wee Tips to help you Sell... Read More

Various Aspects Of The Lease Purchase Business

In a previous article, we wrote why we believe that... Read More

Location, Location, Location

Location, location, location - known as the 3 most important... Read More

11 Different Ways to Participate in The New Millennium Real State Boom

Many parts of the country are going through a real... Read More

Should Sellers Order a Pre-sale Home Inspection?

One of the main reasons home sale transactions fall apart... Read More

A Real Estate Investing Primer

There are a great many books and web sites devoted... Read More