Tuesday, May 23, 2017
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Tom Gilliam
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Buying a home directly from the owner will save on the cost of the home, right?

For Sale Sign Wrong! The "for-sale-by-owner" sellers are doing their own marketing to save the commission a professional real estate agent would charge. So what is left for you to save? In fact, you might end up paying more if the property is overpriced. Beware of these costly pitfalls:
  • Confusion

  • You end up dealing, in many cases, with an untrained novice who is not familiar with real estate law or the real estate code of ethics. Something might be overlooked that will cost you money later.
  • Additional legal costs

  • You will need a lawyer to draw up your sales contract, which should include safeguards for you that an experienced agent would typically suggest, such as making the contract contingent on a home inspection and approval of your mortgage loan.
  • You will have to be your own negotiator

  • Also, without agents involved, you would have to conduct your own negotiations on the contract and make sure all the details are taken care of before closing.

    As professionals with the answers to your home-buying questions, we can make your search for a new home less confusing. Call or e-mail us, or click on "Ask Your Own Questions."
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FIRST TIME How To Buy The Most Home For Your Money
QUALIFIED How Much House Can You Really Afford?
TIRE KICKING Secret Tests To Check A Property's Condition
LOCATION LOCATION: The Most Important Questions Every Buyer Should Ask
NEGOTIATE How To Buy The Home You Love At The Price You Want
SEARCH Quick Checklist For Finding The Perfect Home
INVEST YOUR RENT Why Pay Your Landlord's Mortgage?
MORE FOR LESS Six Tips For Getting The Best Loan
OPTIONS 10 Savvy Ways To Pay For A Home Today
SHELTER Six Little-Known Ways To Help Relatives Finance A Home
 
       
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