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  2. How to Sell Your Own Home

What steps do I take to sell my home as For Sale By Owner?

There are a lot of things to consider when selling a home FSBO. Here are some of the key steps and responsibilities necessary to sell your home without using a real estate agent.

  • Determine the asking price by carefully researching property values of sold homes in your neighborhood that have similar attributes. The square footage, beds and bathrooms are a good measure to use.
  • List your house For Sale by Owner on Zillow.
  • Take calls (beware of the many Real Estate agents that will be calling to solicit your listing) to schedule showings of your home and answer buyer questions.
  • Properly complete the mandatory legal disclosures required to sell a house.
  • Effectively negotiate the price and terms. Most REALTOR® association forms have 15-20 pages to complete with almost 100 paragraphs of legalese. These paragraphs specify who will pay what, who will do what, when it will be done and what happens if one party does not perform.
  • Sign the legal documents required to sell a house.
  • Open Escrow.
  • Allow buyer to do inspections and other due diligence.
  • Renegotiate price and terms as a result of inspections and due diligence.
  • Remove contingencies of purchase.
  • Sign all required paperwork for escrow and title, including the deed to transfer ownership to the new buyer.
  • Close escrow and receive your funds!