The For Sale by Owner Market
Sometimes, you don't have to go the traditional route to find great homes. When most people consider buying real estate, they will simply go to the phone book and hire a real estate agent without giving it a second thought. However, what most people do not realize is that this cuts them off from a world of other options that can be more effective than buying through an agent. Buying a home yourself is not as difficult as many people seem to think it is. There is a little more leg work involved, but in the end you'll be able to view more of the kinds of properties you want and you'll be able to freely negotiate for the price and sale terms you want. In fact, many people end up selling their home without the assistance of an agent for this very same reason. Buying homes that are for sale by owner can be a great way to find great deals on great homes from people looking for direct bargaining, just like you.
Buying homes available direct from the owner is a great way to make sure you get a price you wouldn't be able to get through an agent. When a homeowner decides to sell without a broker to assist them, they not only avoid a lengthy hassle, they also avoid paying a broker's fee, which can sometimes be as much as 7%. Most prices on homes sold by agents are adjusted upwards because of this charge. When you buy direct from an owner, you can often get a lower price simply because they don't need to worry about earning an extra 5-7% just to pay to a broker.
Buying from the owner also allows you the opportunity to negotiate directly with the person who knows the property the best; the person who has actually lived there! It's a great way to get all the information about a home, not just the little that the agent knows. This also allows you to avoid haggling for the price you want through a middle man. You can work out a fair deal with the owner yourself until you come to an agreement.
Anyone can learn to buy homes directly, you just have to be prepared to do a little extra research and a little extra planning. However, in the end, the benefits can far outweigh the little bit of extra effort. If you are interested on FSBO homes and foreclosures for sale, then try our foreclosure listings service today.
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