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 situation.
For Sale By Owner Misconceptions
With the rising popularity of selling homes by owner, have risen some misconceptions that should be straightened out to clarify the process. The first thing that we should look at is how financing works in the FSBO world. One thing that occurs more often than it should is when buyers think that “for sale by owner” means that the owner is also offering financing. Most of the time this is not the case.
Giving your Siding a Facelift
If you are looking to add some value and glamour to your home there is nothing quite like redoing the paint or siding. Now the question is presented, which type of exterior should you choose for your home? The largest deciding factor in this choice is likely going to be what type of exterior is already on the home. If you have vinyl siding, or stucco, or simply painted wood it will usually be more cost effective to stick with what you already have.
Financing & FSBO’s
The process of purchasing a home via FSBO can be somewhat different than most home buyers are used to. The actual act of buying a FSBO can be much more involved than most people think. That is not to say that the process cannot be successfully completed, quite the opposite in fact. It can also be extremely rewarding as a good deal of money can be saved if the deal is handled properly.