Article by Brian
The current economic times have provided a unique real estate environment which is very favorable to buyers if they are fortunate enough to be in the market. Currently interest rates are favorable, many people qualify for government assistance and discounting and real estate agents and brokers are competing for the few buyers on the market. Purchasing real estate now can be a good move if you are financially able to get involved. If current incentives however are not enough to you can also take advantage of purchasing FSBO real estate to ensure you save even more money in transaction costs. Ordinary real estate transactions between buyers and sellers involve paying fees to the buyer’s agents and seller’s agents but by cutting these middlemen from your transaction by buying FSBO real estate from seller’s using either pure FSBO real estate techniques or a flat fee MLS listing you can often make deals with the seller to lower sales prices to split the difference in savings by going with an FSBO MLS sales process. The transaction can save money for both the seller and the buyer of the FSBO MLS listing. If you want to try buying FSBO real estate your first challenge will be finding a FSBO MLS listing. This will be a little harder for you but will be well worth it in the end.The first steps to finding FSBO real estate are to simply search the web. Make sure to note your city in the search for local listings online. You will want to write down all the FSBO properties you find as you go for comparison later and to prepare for a potential offer. Going FSBO obviously requires you to do much more work than you would do if you were working with a real estate agent so be prepared to keep good notes.Additional sources for finding FSBO real estate are your local Craigslist listings. Search the ads for homes for sale using the search term “FSBO” and as before begin documenting and taking notes on all the FSBO real estate options available. Sometimes properties which sell FSBO are behind in their advertisement edits and sometimes they go online or come down out of sync with their actual availability. For Craigslist FSBO properties try subscribing to the feed the search results for updates to the FSBO real estate listings as they change. Lastly check out the conventional web classifieds, and MLS listing services for FSBO MLS listings. Zillow and Redfin are well regarded for their accuracy and variety in listing that may or may not be found elsewhere. Search your local neighborhood by foot or car for properties for sale by owner as well as your local newspaper’s classified section. Considering many real estate agents charge upwards of six percent in fees doing this extra work in finding FSBO MLS listings, and FSBO real estate will be well worth it. Savings in the thousands is not uncommon considering real estate nationwide costs on average in the hundreds of thousands of dollars. If all else fails in finding adequate FSBO real estate you can then try using a conventional real estate agent. At least you will be confident that you did all that you could to save yourself as much money as possible.
About the Author
Brian has written a number real estate centered pieces on the sales and purchase process of real estate. If you are in the processes of buying a home you can also check out another piece by the author on researching your real estate broker’s DRE license.
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