Q:

How do you list your home for sale by owner?

A:

Quick Answer

List your home for sale by owner by conducting a thorough appraisal of the property to determine any repairs or compliance modifications necessary, complete the changes and post an ad for the property on a community classifieds site or home listing site. When the home sells, you must handle filing all the necessary paperwork to transfer titles and deeds, submit inspection forms and report the appropriate taxes.

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Full Answer

The process of selling a home as the owner varies from selling through a broker as you have complete control over the initial selling price and advertisement strategies along with retaining the ability to keep the full profits of the sale. However, by foregoing a broker you must file all the necessary paperwork with the county and other relevant entities, and you may not have access to certain advertising venues that require a brokerage license. Begin by hiring a professional appraiser to review the home and provide an estimate of its resale value in its current state.

In many cases, it is possible to perform small repairs or modifications to the home to increase the sale price. The appraiser will help identify any violations on building codes that you must change before legally selling the home. Once you update the property, post ads in local newspapers or on community classifieds sites, many of which have specific sections for real estate sales by owners. Complete the sale by filing the paperwork to ensure approval from all relevant agencies.

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