How to sell your home by owner

How Do I Sell My House Privately?

How do I sell my house privately, you ask? There are certain things you need to be aware of prior to committing to selling your own home.

Selling a House by Owner is otherwise referred to as For Sale By Owner, or FSBO. If you’re up to the task, you can potentially save yourself tens of thousands of dollars in commission fees by not having a realtor as your “middle-man”. However, you need to be sure to commit the right time, inclination, patience, and energy to properly understand how the process works and how best to market your own home.

How to Sell a House Yourself

If you have the confidence and commitment to undertake the sale process yourself, selling your own property can actually be simpler than you may think.

Here are some tips to consider if you're planning on selling your home yourself:

• List your house at a fair and competitive price
• Become apprised of the local market
• Market your property with signage, newspaper advertising, listing services, etc
• Understand and highlight your home’s selling points
• Be available to show your property
• Be willing to negotiate
• Be flexible with the buyer’s timeframe
• Seek proof of buyer pre-approval for a mortgage
• Hire a lawyer to handle legal matters relating to the sale

You also need to be comfortable allowing strangers who may or may not be legitimate buyers into your home.