Check These Out

Advantages of Buying a For Sale By Owner (FSBO) Property

Wednesday, April 28, 2010 posted by Tommi Crow

Purchasing a For Sale by Owner property has a number of unique benefits that all buyers should be aware of.    Too often, buyers don’t consider fsbo listings because they are working with a real estate agent.  They are unaware that most builders and owners are willing to work with buyer’s agents and many advertise their homes on the local MLS.  If you are in the market for a home and you are not considering “by owner” listings…you could be missing out on some great deals.   Here are a few of the Advantages of buying a For Sale by Owner home.

Save Thousands on Commissions and Fee’s

When purchasing a home listed by a traditional listing broker, a 6 percent commission is factored into the seller’s asking price.  Buyers often think they aren’t paying the listing commission…but in fact…the agents $6000 cut is included in every $100,000 of the asking price.   When a homeowner or builder sells their own property, they pay no commission or a much smaller 3 percent to the buyers agent.  This substantial savings can be passed onto the buyer, who can now afford more home or get the same home for less money.

Easy Appointments to View

If you want to look a home listed with a full service broker, you have to schedule all appointments through the listing broker.  The listing broker then has to contact the owner and the buyer agent to schedule a time to look inside the home.  This process can often be inconvenient or sometimes aggravating depending on the time lapse in getting everyone on board.   When dealing directly with the seller, there is no need to go through other people to schedule a tour.  The seller will look at his schedule and immediately give you the date and time, making the entire buying process much simplier.

Negotiating the Offer

When purchasing directly from the property owner, negotiating the offer can be much easier, too.  Typically, the buyers agent first presents the offer to the listing agent…then, the listing agent makes an appointment to relay the offer to the seller.   If the seller makes a counteroffer, the whole procedure is reversed back through both agents making the whole process take a lot longer than it should.   When making an offer directly with the seller, the middle men are eliminated, which increases the odds of putting together a deal that works for both parties….and does so in record time.

InfoTube.net has over 20,000 properties listed directly by owner or by builder.  We encourage buyers to seriously consider these properties, whether you are working with an agent or not.  Working directly with the owner has many distinct advantages and benefits….no drawbacks.