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Neighbors of mine went For Sale By Owner
I don't want to say that they are close friends but they decided to sell their house by owner.  They live in my neighborhood so they are really just neighbors.  So, their house has been sitting on the market for several months.  They called me to tell me that someone was coming by to give them a contract and wanted my advice.  I don't mind giving it, because if they can sell it on their own - more power to them.  I will be helping them buy a new home.  Anyway, this guy comes over with an offer on an old real estate form.  He wants to offer full price and then add 3% to the sales price.  He doesn't offer any earnest money or proof of loan qualification. He offers to buy as-is with no home inspection. This guy wanted to then sell it to another person(buyer) for an even higher price.  He wasn't an agent - he was an investor trying to squeeze money out of the deal.  He brought his buyer to the home to show - told my friends to take down their for sale by owner sign because "the less the buyer knew - the better".  I advised my friends to make ... more

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