Real Estate Blog - For Sale By Owners: New home buyer beware... part 1!

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For Sale By Owners: New home buyer beware... part 1!

Buying/Selling a home is a complicated transaction that includes many legal forms required to comply with the law.

Real Estate Professionals spend hours in class to keep up-to-date on the changes so they can provide the best service and protect their Buyers and Sellers.

Even with all the information on-line it is difficult for non-professionals to completely understand and comply with all the required documents for selling a home.

I have seen many Buyers disappointed when they purchased a home from a for-sale-by-owner.

I hope that this series will help you avoid many pitfalls and give you a quick reference to some of the required documents.

Disadvantages of Buying a home from a for-sale-by-owner:

Pricing: many times the home is over priced

Terms: Many times sellers are less willing to negotiate

Property Condition: many times it is unknown

Contract: many times is not complete and/or one sided in favor of the Seller

If you click on the highlighted area you will find a detailed report.

Good Luck with your new home purchase...

if you have any questions feel free to contact

Brenda Tressler

Click here for answers to your home buying/selling/financing questions.

Brenda Tressler

Loan Officer

Integrity Mortgage Services

(931) 206-1907 Cell

(931) 905-6900 Office

brenda@imsiloans.com

"Let me be your friend in Financing"

Call Brenda for All your home loan needs!

Posted by Brenda Tressler on 11/18/2008 04:39 PM

Comments (15)

Home Buying Tips in the Home Buying Channel

financing, first time home buyers, fsbo, ft campbell, clarksville homes for sale, clarksville loans, clarksville tn loans

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15 Comments on For Sale By Owners: New home buyer beware... part 1!

NOV

2008

Brenda,

Thanks for this miniseries. :) That's the way to work with FSBO's ( a step at the time!)

NOV

2008

Brenda, you are quickly becoming a master at the blog - great new series.

Great post Brenda, very insightful.

NOV

2008

Thanks for taking the time to post this ... excellent information

Before my husband and I were married he purchased his home from a "For Sale By Owner".

He says now he wishes he had NEVER done that!

Having a Agent /or/ Broker to help him would have been the smarter route, then having a home inspection by a Licensed Home Inpsector would have been an even smarter route.

The house was over priced and the repairs that needed to be done along with the upgrades were costly!

Needless to say we still own that property, only we have turned it into one of our "rental units"

Hello! Brenda: Thank you for taking the time to leave me a comment... Brenda :)

Tim & Pam: Thanks again for your kind comments... I hope you are having a great day! Brenda :)

Frank: Thank you so much for stopping by to visit and leaving me such a nice comment. Brenda :)

Debbie: Thank you for leaving me a comment... I always struggle on what to post; so you comment means a lot to me! Brenda :)

Hello! Nikki: Thank you so much for your comment... I was not sure about posting this but I have seen so many buyers that ended up like your situation. I just hope this will help others... because a real estate deal should be win/win for all! Thank you again for taking the time to leave me a comment! Best wishes... Brenda :)

This is great advice to share. I would never buy a home without a realtor. There is too much at risk to enter into a sale without having a professional represent my best interests.

Hello!

Rebecca: Thanks to you for visiting me and leaving a comment. I am never sure what to write; so thanks for your kind words... Brenda :)

NOV

2008

Howdy Brenda

My friend

First I sure want to tell you, this is a very will written starten post for your series.

When Home Buyers are thinken about purchasen a home from, a for-sale-by-owner. They want to be sure that the owner, understands. They will be haven a Home Inspector look the home over. And the findens will be a big facter in the sale of the home.

-----------------------------------------------------------------------------------------------

Part two of my comment

This has to do with the comment up above from Mike, it looks as if he's not a member of AR. So I took a little ride over to the site in his comment.

Heres what the site's Service Terms has to say:

All information offered or given on this site must be offered with goodwill and positive intent. Any contributor found to be breaking any laws or deemd breaching any ethical guidelines will be shut off or reported to the appropriate agencies. All information inputted into the site is the total responsibility of the contributors and will be held liable as such. Realestateloans.com cannot and will not be held liable for any information contained on this site. In cases that information regarding contributors must be given to the proper authorities it will. Realestateloans.com cannot and will not be held liable for any lost information or mishaps which may occur in the normal course of operations. ( not all that bad may be )

( then you get down to this part of it )

Realestateloans.com does not in anway guarantee the continuance of this service in any way shape or form. Realestateloans.com may shut the service or change the format as it wishes.

( now they have )

Once information has been inputted onto Realestateloans.com it will also become the joint property of Realestateloans.com to do as they wish with it.

Brenda - my friend, I just don't have a good feelen about that there site.

God Bless America

Hello! Dale: Thank you my dear friend... if you do not have a good feeling then I am staying away from it. Thank you so much for your support and watching my back! Brenda :)

Part 2 of your comment... I deleted that comment... I did not want anything on my post that was not good for AR members. Thank you so much for all your concern & advise! Your friend always Brenda :)

Dale is on it!!

Hello! Frank: I am so thankful that I am with such a great group of people here... I have never posted anything until AR... So I trust Dale and the friends that I know... Thanks for your support! Brenda :)

You're right Brenda, it's good that we have this forum to establish rapport and build trust. It only takes one to mess it up for all. Dale was on it.

Hello! Being so new at this stuff I feel very lucky to have met people like you here on AR... Thanks for being there for me! Brenda :)

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Brenda Tressler

Clarksville, TN

More about me…

Integrity Mortgage Services/Oracle Estates & Homes

Address: 1919 Tiny Town Rd Suite 200, Clarksville, TN, 37042

Office Phone: (931) 905-6900

Cell Phone: (931) 206-1907

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