Thinking about buying a home? Have a real estate agent that isn’t  much help? Why not consider buying a FSBO home? FSBO is an acronym meaning “for sale by owner”, and is also known as “fizbos” by agents. According to www.fsbopublishers.org, approximately 30% of all homes sold are sold privately – without an agent involved. Most people who have purchased a for sale by owner home in the past consider it to be easier, faster, and more convenient. Here are three advantages to buying a FSBO home.

Nobody knows it better!
The homeowner knows more about the property than anyone else, no matter how much a realtor researches. So if a buyer wants to know what the typical summer utilities run, or the last time the water heater was inspected, a homeowner will definitely know. Buyers can go straight to the source for the vital information that will help a buyer determine the right home for their needs.

Show me the money!
Buying directly from the homeowner saves the buyer the cost of having to pay for the real estate commission. Real estate agents typically charge a commission equal to 5-6% of the sales price of a home, which is usually split between the seller’s agent and the buyer’s agent. That comes to $30,000-$36,000 for a $600,000 home per www.fsbosonoma.com. When this is done, the buyer is the one that will end up paying the commission. For sale by owner sellers avoid paying some of the commission and as a result often price their homes lower which is good for the buyer. This also allows buyers to negotiate the terms of the sale directly with the owner.

Time is on my side!
When buying a for sale by owner home, buyers deal directly with the homeowner rather than through a third party realtor. The benefit of this is communication and transactions are usually faster, more direct, and time saving. The old adage that “time is money” has never proved truer than in this situation. The more time you save, the sooner you can be in your house! Sometimes it pays to cut out the middleman.

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