For those home owners interested in saving some money when they sell their home, "For Sale by Owner" may be the way to go. There are many resources available to assist For Sale by Owners and we'll duscuss a few and how to proceed.

Obviously to sell a house, a home owner must expose their property to the most buyers possible. Typically, home owners will post a sign, run an ad occasionally and hold the property open on weekends once in a while. The reality is that all this and more needs to be done.

Firstly, open houses are the best way to expose your home to potential buyers. How else will they ever be able to see the inside? Often times the outside of the home doesn't do the inside justice. Home buyers that are just starting to look for their own place, will typically drive a few favorite neighborhoods to see what's available. They may see your FSBO (for sale by owner) sign, but if there are ten other properties in the area open to the public, they may never get a chance to look at yours. What will probably happen is that they will drive their chosen area and walk into a Realtors open house, and end up working with an agent.

There are very few real estate agents that will work with FSBO's. It's not the Realtors fault. Let me give you the the straight skinny... generally, people offering their home for sale by owner are often times on the moon with their expectations. They don't have a clear understanding of what it takes to sell a home. There are so many properties on the market currently that a real estate agent can't stop to educate a stuborn seller on contracts, attorneys, counter offers and more in order to sell this persons home.

For sale by owners wanting to sell their home need to get a few books on the topic and read up. The sale is not going to happen by itself. For goodness sake, you may save $10,000 or more, why wouldn't you read a book about it. You have to invest your time to save the money. Make sure you pay attention to the disclosure section of the how to book, this section will keep you out of court.

I'll give you a few tips here on what you'll need to do to sell your home For Sale By Owner:

Lot's of open houses. Every weekend, Saturday and Sunday- you need to keep it open for drive-bys. Some weekends you may not get any people and on others you may get ten couples. All you need is one offer.

Six months of classified advertising in the local paper. For sale by owners will try this for one or two weekends and find that it didn't work and stop. The truth is that it's not that expensive, and being in the "open house" section of the paper is an important tool to getting buyers to come by.

You can also advertise on the internet. RealestateloanS.com has just created a property listing site for all property sellers or brokers that would like to sell and have their property looked at by a huge national and international market. You can also list your home on other internet sites. Do a search on "for sale by owner" and see what comes up as internet resources.

Putting you're property on the MLS through a discount broker is an option but not always a good way to spend your money. Discount brokerages and full service realtors are like oil and water. No self respecting agent would show a home through an MLS listing service or discount broker. If you are utilizing a discount broker to get on the internet, thats one thing. If you are doing it to attract Realtors, it probably won't happen.

Create lots of color fliers so that you'll have something nice to give shoppers when they come through your home during the open houses. Home shoppers are avid collectors of information and they will look at the nicest fliers most. Make sure all the most important information is on the flier.

Do you have a lender that will prequalify buyers? It may be a good idea to have a lender be available in case you do get a buyer. It would be a shame to tie up the property for a buyer, that you find out doesn't qualify eight weeks later. Some lenders can also give you some great support to sell your home, including loan programs that will support your sale and attract buyers.

Call me for information on Chicago real estate, for sale by owners, fsbo, va loans, referrals for real esate brokerages, home builders and homebuyers.