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| FSBO (For Sale By Owner) for buyers |
| The FSBO market is growing rapidly as many home owners have chosen to forego the usual method of utilizing a real estate agent to list their home. The most common reason for this is to avoid paying the agent's commission out of the profit of the sale of their home. This process, however, is not as simple as it appears to be. It takes a special kind of seller to properly sell their own home, and in accordance with that, it takes a special kind of buyer to ensure that they get the best value for their money in an FSBO-type of investment. As with most property sales, the ease of the transaction boils down to the financing that is involved with the purchase. |
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Why is the Internet important when searching for your desired property? Today over 75% of buyers start their search for an investment opportunity on the Internet, so searching it advertised on the Internet will result in maximum exposure. |
| Investment Tips |
Buying a property by yourself, without an expensive real estate broker
is easier than most people think. However, it will take some work on your part. You will be doing a lot of things that a real estate agent might normally do. Just follow a few general search steps, and you'll not only save lots of money, but we'll make the property buying process as effortless as possible
Your Investment Objectives:
Price range
Minimum number of bedrooms and bathrooms
Minimum amount of living area
Timing of when you want (or need) to move
Steps involved in selling your existing property
Specify Your Desired Property:
Styles you like (and those you do not)
Lifestyle (lot size, townhouse/condominium, active, urban)
Condition (new construction, move-in condition, a 'fixer-upper')
Location (main street, close to town center, cul-de-sac, waterfront)
Public services (water, sewer)
Features most important to you (fireplaces, wood floors, etc.)
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It is becoming more and more important to search your FSBO investment on the internet - today’s prospective investors demand it. Online real estate listings are an integral part of any successful FSBO real estate sale – again 70% of all home purchasers start there
search on the internet.
Furthermore, internet advertising allows you to see full color pictures and lengthy descriptions that you could never justify the expense of in classified or display advertising. Another search consideration is a For Sale by Owner – “Open House”. There are compelling arguments for both sides regarding the advantage of Open Houses. Many argue that they are a waste of time and are primarily an opportunity for the real estate agent to gather sales leads (people looking to buy a home, just not yours). Others contend that you can’t sell a home without the prospective home buyer having the opportunity to view it. |
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