How Do You Buy Homes For Sale By Owner?
Buying a “For Sale By Owner” house involves most of the steps of a conventional purchase, however, there are some differences. Here is what you need to do, and what you need to look out for. • Find a buyer’s agent. Some For Sale By Owners will offer a commission to buyer’s agents since they do not have to pay a seller’s agent a commission. You do not have to pay for the service since the agent receives payment from the seller. The agent should be an expert in the region you are buying. This agent will make sure your interests are protected and will negotiate a fair price based on his or her expert knowledge. • Know the lay of the land. If the seller will not pay a buyer’s commission it is up to you to determine the value of the property or hire a buyer’s agent yourself. If you do not want to pay for this service do some research on your own. Check out other open houses, go on the Multiple Listing Service to see what similar houses sold for, and ask the opinions of others in the neighbo
