"I am going to save some money and sell the house myself!" While trying to selling your house without an agent would have been difficult in the old days, the good news is that times have changed and there is a new approach. Now with the advent of the Internet this kind of thinking is becoming not only possible but also easy.

If you have already not of heard it, "For Sale By Owner" is referred to in the industry as FSBO. If you are able to sell your house yourself, you will save on the commission otherwise paid to a real estate agent. At typically 6 percent commission, that's a lot of money. That amounts to $6,000 for a house sold at $100,000. Another great advantage you have over other sellers on the market using an agent is that you can sell the same house a lot faster on the market for $94,000 than trying to sell it for $100,000 and pass the savings to a buyer looking for a bargain.

Now that you have decided to sell the house on your own, what should you do next? Typically you should find out what the house is actually worth before setting an asking price. The Internet offers many services online that can give you an idea of what similar houses in your neighborhood are selling for. These similar houses are otherwise known in the industry as Comparables; the better the comparables, the better the idea of what your house is actually worth on the market.

Once you have set a price, the next step is to let the world know that your house is for sale! This starts with not only putting a sign in front of your house but also listing the property on the Internet with a website that offers FSBO service. Most buyers now search the Internet for houses rather than the traditional way of looking at newspapers and driving around the neighborhood. Not only is this old approach time consuming for buyers, but with gas prices the way they are, this can become expensive. The Internet offers them a quick and easy way to find the house they want.

Here's a SECRET... make sure that you put plenty of pictures on the Internet, that way you let buyers know exactly what they are getting; the more the better. Then you know that if a buyer contacts you, you have a serious buyer on your hands. This saves everyone a lot of time from their busy schedule. You don't have to waste time showing your house to people that are not really interested, and they don't waste their time going to see a house that they otherwise would not have been interested. Everyone wins.

We live in wonderful times. With the advent of the Internet, not only is the old idea of selling your house yourself now possible, but it is also quick and easy with this new approach.