Which party has the advantage in a for sale by owner transaction, buyer or seller? The answer depends on who you ask.
Most of the FSBO sellers I have met through the years felt they had the position of power since they had more room to negotiate (or sell lower since they were not paying a real estate agent). Besides, what does a real estate agent do for a seller?
Seems pretty easy to sell a house, right? Put a sign out front, go to Zillow and get a price (because everyone knows Zillow is the gospel of values, right?)
But what happens if the price is low? It will sell pretty quickly but that is OK because the FSBO seller had room to sell lower since they were not paying an agent, right?
On the buyer side, get your real estate agent - even if you are thinking about buying a for sale by owner property.
Why should a buyer get an agent? Buying a home is one of the most expensive and potentially life changing decisions one can make. It is too important to go in with partial or incomplete information.
Because many times the FSBO seller will pay your agent a commission.
Regardless, if you are inexperienced buyer, your real estate agent can guide you through the process, prepare the offer (after preparing a comparative market analysis and showing you the competition), oversee the inspections, guide document reviews (associations, deed restrictions, disclosures) and protect your interests.
While I think there is greater risk to a buyer going it alone than a seller, either way, a Realtor is the best choice for both parties!
If you are considering selling your Viera, Florida home as a sale by owner, the below articles may be helpful.
If you are considering hiring a real estate agent to sell your Viera, Florida home, these posts will definitely help you!
- What is a comparative market analysis?
- Selling Your Home Begins With a Plan.
- Know Your Bottom Line BEFORE You Sell Your House.
- What Should My Realtor Do For Me?
- Which Numbers Sell Your House?
- An offer is more than just a price!
- When is a deal a deal?
- If its a defect, its a defect....
- Terms Define the Real Price.
- Questions to Ask Your Real Estate Agent Before Listing Your Home For Sale.