Key Factors to Consider When Buying a For Sale By Owner Home
Are you looking into homes for sale by the owner in MN ? Buying one can be convenient if you want to skip the commission fees of real estate agents. However, some factors require careful consideration before you buy an FSBO (for sale by owner) home: The benefits of buying an FSBO home Buying an FSBO home means you don’t have to pay the 3% commission fee to an agent representing the seller. This means the seller can sell their house for less and welcome negotiations. Plus, you get to communicate directly with the homeowner instead of an intermediary, so you can get more details about the house. The disadvantages of buying an FSBO home When buying a home for sale by the owner in MN , note that many properties might not be listed at the right price. That’s because the owners likely didn’t do a comparative market analysis or lacked the resources available only to licensed real estate agents. Moreover, some homeowners find it difficult...