Buying A For Sale By Owner Home
Home buyers who want to tap the total home selling market must also focus their attention on the for sale by owners homes as well as the Multiple Listing Service (MLS) homes which supply approximately 80% of the real estate home sales each year.
Buying a ‘for sale by owner’ (FSBO) home does not require you to ‘go it alone’ however because exclusive buyer’s agents have been helping home buyers buy FSBO homes with success for many years. An EBA can provide protection for issues related to value, defects, hazards, easements, financing, disclosures, contracts, and inspections. In some of the busiest real estate markets, it is necessary to consider the FSBO homes to increase the inventory of possible new homes from which to choose.
Check out local papers and web sites (national and local) for ‘house for sale by owner’ ads and rely on the same due diligence and advice from your buyer’s agent for striking a deal with the home owner. The majority of FSBO home sellers welcome brokers and offer a cooperating fee that is typically half of a traditional full-service listing commission. Many of them also use flat-fee MLS placement companies to post their FSBO homes in the MLS to attract home buyers working with agents.
Your exclusive buyer’s agent can help you research the public records and property value, write an offer and assist with negotiation, mortgage and home inspection arrangements and get both parties to the settlement table.
Working with a NAEBA-member exclusive buyer’s agent ensures that you’ll receive top quality research for homes of the type you are looking for, no matter where or how the houses are listed. NAEBA is synonymous with reliable home buying representation. Contact us today to find an EBA in your area to help with buying a for-sale-by-owner home.