For the most part, homes you see on the market in Flower Mound are listed by real estate agents – however you may come across a handful that are for sale by owner. Seems like buying a home directly from the owner would be simpler, but that’s not usually the case. If you’re interested in an FSBO home, we have a few things you’ll want to consider before you seal the deal.
First of all, consider the price. Many homeowners price their homes too high, often because of the emotional attachment. This can also be true of homes listed with a real estate agent, as many sellers choose to ignore the opinions of knowledgeable agents in regards to home value. If the home is priced too high and the seller won’t negotiate, it may be best to move on.
FSBO must comply with laws. Even those who choose to sell their homes without the support of an agent have to go by the rules. For instance, if laws stipulate repairs should be made or a home inspection completed, the seller has a duty to do these things. You want to be sure the seller discloses any problems or issues, and doesn’t try to ‘cover up’ anything that could potentially make you decide not to purchase the home. The problem with FSBO’s is that most sellers are not savvy or knowledgeable when it comes to the processes and procedures involved in real estate. It all boils down to trusting your own instincts when you feel something isn’t right.
View the home just as you would if it were listed with an agent. Because you’ll be working directly with the homeowner, it can be tough to get past their personal attachment and emotion. Try to get past the uncomfortable feeling, and remember it is a home – and maybe one you have your heart set on! If you have a difficult time envisioning your family in the home with the owner right on your heels, don’t be shy about asking for some alone time.
While there is nothing at all wrong with considering a home that’s for sale by owner, keep in mind there are many procedures and processes to consider that both you and the seller may not be familiar with. While it may seem easier, it’s actually more difficult, stressful, and time consuming to buy a home when the seller isn’t using a real estate agent.
On the upside, it is smart to work with a buyer’s agent even when you’re looking at a home that’s for sale by owner.
If you’re interested in a beautiful upscale home, be sure to give Team Nelson, your Flower Mound real estate agency, a call! We help make the process quick and seamless, locating homes that meet your specific criteria.
