The best way to sell your house is for the owner to sell it

For Sale By Owner is a very popular term used these days in the real estate market segment. Homeowners who have listed their home understand the benefits and have recommended it to their acquaintances. If you’ve heard For Sale By Owner for the first time, let me define it: Listing as For Sale By Owner requires some initial research and insight, but the ease it provides for selling own property is well worth it.

When you make the decision to sell your home on your own, the first step is market research, which is important to get started. You as the property owner need to know what is the current market price of your property that you can quote while listing on MLS. It’s not that you need to do in-depth market research on the real estate market, but you do need to know the real estate market in your area to at least decide the price of your property to sell.

The second step to listing as For Sale by Owner will be to list the property on the Multiple Listing Service. Questions may arise as to why MLS, as it is popularly known, is the most popular platform for selling or buying property these days. Almost all properties bought and sold are done through MLS, which not only makes the process easier, but also saves a lot of money that is worth saving in this economic crisis. MLS provides a secure platform that can be accessed by licensed brokers who, in return, charge a 3% sales commission (approximately), which is almost half of what a normal real estate broker would charge at closing.