Is Buying a FSBO (For Sale By Owner) a Good Idea?
First, let's start with the advantages of having a licensed Realtor® working for you. For a Buyer, a Realtor's® services are 100% free. A Realtor® representing a Buyer gets paid via the Seller. Second, Realtor's® are there to protect you, period. We make sure you get the best possible deal on the perfect home and that your interests are fully realized. We keep the deal going and see it to closing. We are highly trained professionals, well versed in the technical aspects of buying and selling in today's real estate market.
FSBO's are Sellers that decided to go it on their own, thinking that they are going to save money.
But in reality, they end up spending more than a typical Realtor's®
commission when all is said and done. Statistically, FSBO's end up
selling well below market value. The imagined savings vanish into thin
air. They are often times unsuccessful and do not make it to close.
Now, back to our question. Is buying a FSBO a good idea? Ask yourself this - are you up-to-date on all that goes into the sale of a house? If you're familiar with current real estate rules and regulations, paperwork, and time and energy that goes into purchasing a home, you're probably going to be fine. If not, you could get yourself, and your family, into a big mess. FSBO's are sometimes just foreclosures waiting to happen. You won't know until it's too late. Is the Seller hiding something? You won't know until it's too late.
The best advice for a home Buyer, get a Realtor® to represent you and your family in what will likely be the most important purchase you'll ever make. We are here to help.When purchasing a home in the Mesilla Valley, choose a Las Cruces Realtor® with integrity. Contact me by clicking here.