For some, this is the "macho" way of buying a home. One-on-one. No intermediary or go-between with ulterior agendas to cloud the negotiations.
Fizboh's—as For-Sale-By-Owner (FSBO) properties are sometimes called—are any properties that are being sold directly by the seller, without benefit of a real estate agent, broker or Realtor.
FSBO properties can often be a good source for house-hunting bargains, if conditions are right. However, such bargains come at a price. Home buyers or real estate investors pursuing FSBO properties normally must do so without the aid and advice of professional real estate agents. FSBO shoppers must be knowledgeable about properties and the subject neighborhood—or have a good lender or attorney, who can provide solid advice about such a purchase.
We recommend that you review the sample proposal letter provided (click here), to get an idea of one way to approach the seller of a FSBO property.
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