If you are thinking of purchasing real estate for sale by owner there are a few things to consider. There are countless horror stories from sellers who accepted an offer, got through all of the inspections, negotiations, and paperwork, only to have the deal fall through because of the buyer’s financial situation ( Learn the difference between pre-approved and pre-qualified ).
While it’s mostly self-explanatory, there are a few nuances to For Sale by Owner that any seller needs to know before pursuing it. If you’re selling your home on your own, that means that you’re bypassing the commission fees but also taking on all of the work and liabilities that you’d normally pay a real estate agent to handle.
I service Real Estate sales in the following Metrowest MA towns: Ashland, Bellingham, Douglas, Framingham, Franklin, Grafton, Holliston, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge, Shrewsbury, Southborough, Sutton, Wayland, Westborough, Whitinsville, Worcester, Upton and Uxbridge MA.
LoopNet also attracts the largest community of commercial real estate professionals looking for Owner Financed Properties with more than 7 million members comprised of brokers, corporate executives, service providers, and more than 3 million buyers, tenants and other principals.
Despite the conclusion of the NBER study that FSBOs did just as well as agent-assisted sellers, your lack of experience could hurt you at the negotiating table or lead to a rookie mistake that increases your legal or financial liability down the road.