For Sale by Owner – How to get Noticed & Save Money

For Sale by Owner or better known as FSBO properties are those properties which are in the market by home owners directly without the involvement of real estate agents. Such properties are difficult to find because the owner’s can’t advertise like real estate agents. But they can get noticed if they list their property in some well known regularly updated websites which list the latest for sale by owner properties from all sources available like Newspapers, magazines, word of mouth or their other sources.

For Sale by owner properties can get noticed if a home owner follows certain tips to advertise like
•    Putting up Signboard of FSBO at prominent position on front side of your property
•    Distributing fliers in the nearby area
•    Listing your property as FSBO in some local newspaper or magazine
•    Holding an open house to sell your property
•    Erect some directional signs that lead to your property
•    Enlist your property on foreclosure listing websites in their FSBO section or in property section of a classified site.

Role of Home Appraisers- Because the home owners are directly selling their property and they might not know the exact market price, therefore before making a final deal they must get it appraised by a Home Appraiser who will help them to know the correct market price of their property. Home Appraisers are also an efficient medium to get some buyers or investors who are already taking their services to evaluate their purchase of real estates.

A home owner must make a work list in advance and organize the tax deeds and tax bills etc. Lawyers are hired to complete the legal documents normally on behalf of the purchaser in the sale purchase of the FSBO or for sale by owner property.

Saving Money – Real Estate Agents in US charge an exorbitant amount of 5 to 7% of the deal value from home owners and buyers. Thus by selling directly one can save a reasonable amount of money. This can be done if you take a little pain by getting your property noticed to the right bunch of home buyers or investors who are always on look out for FSBO or For Sale by Owner properties.