For Sale by Owner

[Jazzy]

"For sale by owner" (FSBO) indicates that a property is available for purchase directly from the owner rather than through a real estate agent or broker.

What are the pros and cons of for sale by owner?

 

[Lamb]

We bought all 3 of our homes through by sale by owner. The pros was that not too many people want to go that route and we had less competition. There are many cons, some of which getting experienced advice from a realtor, which we could have used at this last purchase.

 

[tango]

"For sale by owner" (FSBO) indicates that a property is available for purchase directly from the owner rather than through a real estate agent or broker.

What are the pros and cons of for sale by owner?

You save the broker fees, but you lose the service that the broker provides.

 

[Lamb]

When we moved to the state we live in now, we discovered that the title company did a lot of work. Back in Indiana, they had to be pushed to do anything at all to get the sale done on time. If we had used a realtor here in the state we are now, we might have caught the lie that the homeowners put in the contract, which is a legal and binding contract. It's a shame it's not enforced here though in this state. Back in Indiana, it would be a crime to commit perjury on a real estate contract.