Lewisburg For Sale By Owner
A growing trend in recent times is for sellers to list their homes without the help of an agent. These properties are known as “for sale by owner homes” or FSBO for short. There are a number of reasons that a seller would decide to list their home on their own, with the most common being the seller’s desire to save money on agent commissions. As a potential buyer of a Lewisburg for sale by owner home, there are a few things that you need to know if you plan on purchasing directly from a seller.
For sale by owner homes have historically have had a reputation for carrying an increased risk. While risk is a relative term, the process of purchasing a Lewisburg for sale by owner property does bring the potential for increased hassle and problems. Fortunately there are some steps that you can take to minimize your risk and increase the likelihood of a smooth transaction for all involved.
One of the biggest concerns when purchasing Lewisburg for sale by owner homes is making sure that the proper steps are taken during the process to safeguard the interests of both parties and ensure that all of the required paperwork is in place for closing. While real estate agents are professionals who know the process inside and out, your average FSBO seller is not likely to be as savvy with the process.
As a buyer, you may wish to consider contracting your own buyer’s agent even if you are looking to buy properties directly from an owner. With a buyer’s agent on your side, you will benefit from the guidance of a professional throughout the process. The experienced real estate agents with the Bowen Agency are well equipped to help you throughout the process of finding and purchasing a Lewisburg for sale by owner home. With their expert assistance and advice, you can ensure that your transaction goes smoothly and your dream of homeownership will become a reality.
If you are searching for Lewisburg for sale by owner properties, you will find that there are a number of ways to go about discovering potential properties. Traditionally, you would notice for sale by owner signs in the yard or you might come across an ad placed by the seller in the newspaper. Unlike agent listed properties, FSBO homes are not generally featured in the glossy local real estate publications. These days, you may find some Lewisburg for sale by owner properties by searching the MLS online.
In the past, the MLS did not include properties that were being sold as FSBO. These days, sellers of FSBO homes can use one of several third party services to list their property for sale in the MLS. The acronym MLS stands for “Multiple Listing Service” and it is the primary real estate database of properties for sale. The MLS is used by agents to list their properties for sale and to help match buyers with homes. This database can be searched online directly from the Bowen Agency website. Your search will reveal properties that are agent listed as well as homes for sale by owner in Lewisburg.
Before you purchase a Lewisburg for sale by owner home, you will want to ensure that a complete home inspection is done on the property by a qualified third party. An inspection will reveal any issues or problems with a property before you buy. It can also be beneficial to obtain permission from the owner to order a C.L.U.E. report for the property. C.L.U.E. stands for “Comprehensive Loss Underwriting Exchange” and these reports will reveal any insurance claims or losses for the property within the past 5 years.
With the help of a buyer’s agent and some due diligence, you can find the perfect home in a Lewisburg for sale by owner property. By relying on the assistance of a professional real estate agent during this process, you will be able to reduce the stress and make sure that when you arrive at the closing table everything is in order and your interests are protected.