For sale by owner...a good decision?

A property sold recently that was for sale by owner, it had previously been listed and had not sold in part due to the fact that it was Vendor priced. Too many people assume incorrectly that if a property is for sale by owner that they are getting a deal. The For sale by owner Seller must be pricing it cheaper as they are not having to pay a Realtors® commission. Not always so, in fact most times the Realtor® has told the Seller that there is nothing to support the price they are asking, still they put it out there most times at a high price and an unsuspecting Buyer comes along and pays more or buys a lesser property than what he could have purchased. The unsuspecting Buyer may also not be aware of zoning, building schemes, permits & changes in the area that they have just purchased. After a sale we have had new owners show up requesting plot plans & other information. It is also astounding how many will purchase without having the necessary inspections done such as building or septic which then can lead to costly problems after the fact, or they had no knowledge that an easement or right of way, or restricted covenant was registered on title and as such may prevent them from doing certain things on the property. You can buy a For sale by owner using a Realtor® to protect your interests and it is a good idea to do so. The Realtor® can provide you with current sale information so you can make an informed purchase, names of inspectors so you can make a safe purchase, and piece of mind that your interests are being taken care of.

Cynthia Bentley

Cynthia Bentley

Personal Real Estate Corporation
CENTURY 21 Lakeside Realty Ltd.
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