Economy Rockford: For Sale By Owner?

The housing market is a tough place, and many homeowners have been watching their equity go out the door. When it comes to selling, many are trying to save money and do it themselves.

Jon Krause says selling your home yourself, is not easy. He says sticking a ‘for sale’ sign in your front yard usually won’t seal the deal. Most ‘by owners’ think they’re saving on realtor commissions and other fees, but Krause says, those fees are only saved if you’re successful at selling your home. Krause adds, going the do-it-yourself route limits your exposure, while listing it professionally opens the door to a much larger audience.

Studies have shown that ‘for sale, by owner’ homes often sit on the market quite a bit longer than homes listed by realtors

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