Buying a Property Being Sold as a For Sale By Owner

Are you going to be in the market to purchase a home? One type of property you may come across is what’s known as a for sale by owner or FSBO for short. There is quite a bit you should know when considering this type of property.Your natural inclination may be to think that you’ll get a great deal because there is no real estate agent involved. Unfortunately, the odds are the exact opposite. With a for sale by owner there is usually little pricing guidance. In fact, sometimes owners just completely wing it and pick a price out of thin air.Buying a for sale by owner home comes with a lot of risks. In the article at Realty Biz News, you will see a complete run-down of everything a buyer should be concerned about when making this kind of purchase.It goes without saying that due diligence becomes far more important. It is advisable to either lean on an attorney for advice of pay a real estate agent for professional expertise. You may even want to see if the seller would consider paying a buyer’s agent fee. Many smart sellers will do that. The seller might not save a full commission but something closer to half is great. The seller saves some money and gets their property sold quickly. The bottom line is be careful when buying a for sale by owner home.


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Written by massrealty

Bill Gassett is a thirty-three year veteran to the real estate industry. He works for RE/MAX Executive Realty in Hopkinton Massachusetts. Bill runs the successful Maximum Real Estate Exposure site where he shares his expertise on buying and selling homes.

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