For Sale By Owner? How to Make It Work

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shutterstock_80244028Many consumers, unhappy with the idea of a real estate agent commission cutting into their potential home sale profits, choose to go the for sale by owner route.

But does it really make sense for you? And, if so, how can you make it work? If you are interested in selling your home without the help of a real estate agent, MSN Money has a few tips that you can use:

  1. Figure out if you are up to it: The very first thing MSN Money suggests is that you make sure that you are up to the task of selling the home on your own. There’s a lot that goes into selling, from preparing your home for showings to setting a price, to handling the paperwork. You have to be willing to put in the time and effort if you plan to sell the house on your own.
  2. Find help with pricing: Don’t rely on your own knowledge to set the home price. Instead, you should get a little bit of help. MSN Money suggests hiring a property appraiser to help you out.
  3. Attract buyers: In order to do this, you will need to list the home online, and take good photos. It makes sense to pay for listings in carefully vetted places so that you have a better chance of getting eyes on the house.
  4. Manage showings: MSN Money points out that you will need to manage your showings carefully. Instead of dropping everything all at once, set aside specific times for showings so that you can make sure the inside and outside of the house looks good for prospective buyers.
  5. Paperwork: Even if you sell on your own, MSN Money says it makes sense to get help with the paperwork. It’s possible to find professionals who can help with the paperwork for a flat fee. That often makes more sense than trying to navigate it yourself.

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In the end, it’s possible for you to successfully sell your home on your own. You just need to make sure you can put in the effort.

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Miranda is a freelance writer and professional blogger specializing in financial topics. Her work has appeared in numerous media, online and offline. Her blog is Planting Money Seeds.