For Sale By Owner: Is it worth it?
Should you sell your home for sale by owner? The main reason sellers decide to try selling on their own is to save money. It makes sense; we all like to save money when we can. But selling on your own may have the opposite effect. Studies show that homes sold by realtors sell for about 8% percent more than homes sold by owner. If you still want to proceed, be prepared for all the contracts and disclosures that need to be handled properly to protect your interests. The final consideration: When buyers see your for sale by owner sign in your yard, the first thing they think is, I am going to get a great deal on this house! But they can't really because aren't you trying to get the great deal? And the reality is two people can't save the same dollar.