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About CharleenoBright

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February 8, 1960 (60)

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What does For Sale by Owner mean?

Selling a property can be a really expensive and hectic thing to do, you have to prepare the house for hosting, make sure that the house is clean and repaired properly for selling, paying real estate appraisers, and many other expenditures that come your way while you are trying to sell your house. Now if you factor in the commission real estate agents take for selling the house which usually is between 5-10% you can see how much exactly a seller is on the hook for. This is the reason why many people try to sell a property on their own, i.e., without using real estate agents which in the end results in them saying a huge portion of money which was going to be used as fees. Now if you see “Sale by Owner” on a house that means that the owner of the house is trying to sell the house on its own.

This can certainly be beneficial for you since you are saving the money by going through the real estate agencies and companies who will charge buyer fees and other charges. You can save all that and bargain with the original price directly with the owner. All the fees and expenditures that usual real estate agents take are not present in this type of deal which helps both the buyer and the seller. There are some problems with this plan too because if you are looking to buy it will be really difficult to find a property like this on your own.

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11-16-2012 12:33 AM
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