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4 Things to Know About Buying a ‘For Sale by Owner’ Home

4 Things to Know About Buying a ‘For Sale by Owner’ Home

Last Modified October 13, 2016 By Staff Writer

“4 Things to Know About Buying a ‘For Sale by Owner’ Home” answers the basic questions someone might have when they first see that sign, like “what am I about to deal with?” This article is brief and to the point, but discusses a myriad of issues related to buying a home — including one of the most important things: price.

Key Takeaways:

  • Homes listed for sale by their owners tend to be overpriced
  • If a home is listed for sale by their owner, they must disclose any problems the home may have as required by the law
  • You can still ask your real estate agent for help in buying a home that is listed by the home’s owner

“Sellers (FSBO or not) who are unable to emotionally detach from a home or who don’t have a solid plan post-closing sometimes self-sabotage their sale by overpricing.”

http://www.zillow.com/blog/buying-for-sale-by-owner-home-204781/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

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