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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

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Mansion Global

Vietnam: The Next Frontier in Asia's Luxury Real Estate Market ...
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Activity in the luxury real estate market is surging in Vietnam, mirroring a booming economy that posted a 7.38% year-over-year increase in GDP in the first ...

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Christina Pappas: Everything old is new again. The saying comes from the lyrics of a Peter Allen song originated nearly 40 years ago, but the words were never truer than they are today, especially in the real estate industry, which has changed and ...

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Wall Street Journal

Lawsuit Accuses Westchester Real Estate Firm of Conflict of Interest in Home Sales
Wall Street Journal
The suit takes on a thorny issue in real-estate transactions known as “dual agency,” when the same brokerage firm, and sometimes the same agent, represents both buyer and seller. These arrangements create a conflict of interest that can compromise the ...

Meet the Inman Innovator finalists: Most Innovative Real Estate Team
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The Columbus Dispatch

Real-Estate Matters: Age shouldn't sway couple from purchasing their first home
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Meet the Inman Innovator finalists: Most Innovative Real Estate Team part 2
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The MReport

Non-Resident Foreigners Sold $10.5B of US Real Estate in 2015
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Buffalo News

Erie County Real Estate Transactions
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Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending June 8. AKRON • 13 Marshall, John R. Schrock Sr. to Courtney L. Flick, $195,000. • 206 East Ave., Karen A. Sowinski; Karen ...

Medical marijuana comes with real (estate) consequences
Way back in November 2014, when I dared write about the Institute of Real Estate Management's white paper on the subject, "Marijuana in Property Management," I was roundly mocked, accused of sensationalism and dang near hooted off the internet.

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