How to List a Home on ForSaleByOwner.com

Taking into consideration the high price of real estate commissions, many homeowners choose to sell their homes "for sale by owner." For-sale-by-owner real estate transactions are gaining a foothold in the real estate market, and many websites are devoted to assisting individuals list their homes for sale by owner. Here's how to list a home on ForSaleByOwner.com.

Instructions

Difficulty: Moderately Easy

1. Set up a ForSaleByOwner account on the ForSaleByOwner.com website. You'll need to provide your email address and name at first, and more detail when you actually list your house, including contact information and address.
2. Decide a price for your home. The ForSaleByOwner.com website has some pricing tips as well as tools to best determine your house's worth.
3. Take pictures and write a solid description of the home being offered for sale. You'll need to have these ready for your listing.
4. Choose a real estate commission for the buyer's agent if any. If you decide to have the home listed in the MLS system via the ForSaleByOwner.com website, you will want to offer a commission to the buyer's agent, usually 2 to 3 percent of the sale price.
5. Purchase one of the ForSaleByOwner.com listing packages. Some packages are very basic, such as the monthly plan; others are "Good until sold" and include your home in the MLS.
6. Fill out the house description, upload your best pictures, and tweak your ForSaleByOwner.com listing until its presentation is flawless.
7. Market your home. Since you are selling your house as a for sale by owner listing, you will need to market it to other individuals and real estate agents with potential buyers. Send flyers to real estate offices and promote an open house.

Tips & Warnings

• Be sure to use a good real estate attorney and settlement company for your real estate transaction.