“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.
- 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.”