House Hunting 101

Real estate buying tips and relocation guide for the Atlanta real estate market

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Buying A FSBO

When you come across a house being marketed as a FSBO (For Sale By Owner) it can be an opportunity that you want to look into. There are many reasons a home owner will market his home this way and there are also many ways that you can benefit from a FSBO situation. However, don’t be so quick to the conclusion that you have a desperate seller on your hands. It’s true that most FSBO’s are selling their own home instead of using an agent because they want to save on the commission. But they aren’t always desperate, or what most real estate professionals call them, motivated sellers. One good way to arm yourself with the information you need to negotiate is to ask a real estate agent. If you are already working with one that’s great. Ask them to perform a CMA (Comparitive Market Analysis) to see if the owner has priced his home correctly. If the owner has priced it too low, then you already have a bargain in your favor. If the owner has priced it too high you have the choice of either walking away or trying to explain and negotiate a better price to the seller. If you are not working with an agent already, you can still find someone to help you with a CMA. Most agents will work one up for free, just to get the opportunity to meet you and potentially work with you in the future.

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  1. 2 Comment(s)

  2. By fsbohomz on Oct 24, 2006 | Reply

    I don’t believe a thing real estate agents say. I don’t hate them just the tricky and unexperienced ones. Which in my opinion is most of them. Take the “no obligation market evaluation” for example, the oldest and most unoriginal term you will see advertised. Do they think people are stupid? The real definition should be, “yes I will come over to your home, tell you what it’s worth, then I will bug the hell out of you until you list it with me”. In the meantime, they will send you some “awesome” fridge magnets, calendars and pencils just so you don’t forget them. I have written at length about this, I’m NOT selling anything, just a frank, real world discussion.

  3. By mr realestate on Feb 3, 2008 | Reply

    If you dont believe real estate agents who are licensed and regulated and have a code of ethics…why would anyone trust some fsbo nobody like you, who seems to think he knows more than he does.

    a little knowledge is a dangerous thing,,,,,and judging by how and what you write about,,,you Sir, have very little.

    Good luck mrfsbo, you will need it.

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  2. Sep 13, 2005: www.househunting101.com » Buying A FSBO: Does The Agent Get Paid?

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