The process of purchasing a home via FSBO can be somewhat different than most home buyers are used to. The actual act of buying a FSBO can be much more involved than most people think. Buying used cars on the market by owner is not the same as purchasing a brand spanking new automobile. You will have substantially more knowledge on the property, the owner and the reasons for attempting to sell FSBO. A California ‘for sale by owner’ home sale is probalby going to be different from a Texas FSBO transaction.
However, Seller could also return the offer as a counteroffer with a sale price of $420k. Ultimatley, experienced investors are the main buyers interested in making offers on homes offered by private home sellers. It is true that, on average, Realtors price homes more accurately than a FSBO seller will.
All you need to do is prepare your house for sale and we will give you all of the inside tricks on how to determine your property sale price and everything else you need to know to to sell your house without commission. The fact is, there are buyers’ agents out there who avoid showing FSBO homes to their clients simply because they know that, without a seller’s agent involved in the deal, it’s going to be more work for him or her.
The listing price quoted by the seller may be arbitrary, as realtors typically help home owners determine what price to list their homes at. You can use the asking price as a starting point, but you will want to make sure that your offer is in line with property values in the neighborhood where the house is located.
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