I am interested in buying a house that is fsbo, but more than likely owner will put it on the market. I
would like an opportunity to purchase house if it goes on the market. How can I be informed when this particular house is placed on market?
Do you have your financing in order? This will be important before you can make an offer on any property. Next contact an agent who can talk with the FSBO for you and if the owner has already made a committement to put the home on the market can also help you make an offer that protects your best interests!
A friendy call to the homeowner would be appropriate. You can arrange a visit to see if it is a house you'd really love to call home, and, if it is, make the owner an offer. If it's good enough, he'll accept it and won't list with a realtor. Your bargaining power is that, without an agent of your own, you can offer him a price that isn't inflated by a sales commission.
However, going it alone, unless you've done this before and have the experience to negotiate all aspects, not just the price, can be filled with landmines. Realtors can help you avoid those and still get you a good deal. But,if you feel comfortable navigating these waters, I say go for it and let us know how it turns out for you.
Deb Orth
Keller Williams Realty
Richmond, VA
You can have a realtor contact the owner...you can make an offer prior to it "going on the market" using a realtor...knowledgeable realtors are familiar with procedures to follow with FSBO's.
You can contact a realtor affiliated with the local MLS and have them notify you when it is listed in the MLS.
You can simply call the owner and talk to them.
You can also contact any real estate attorney (most title companies can refer someone to you) and they can help you write an offer for a fee.
Many options here...
ltyrrell@cbunited.com
Do you have an agent? If not, you could hire one who could approach the owner and attempt to conduct the sale without waiting for it to go on the market. Not sure where in Virginia you're looking, but I am in Northern Virginia and can assist you if you're looking in Fairfax or Loudoun Counties, and I'd be happy to refer you to someone if you're looking in another area. VChrisner@Kw.com
Ride by determine if a sign goes up in front or request for a real estate agent do a watch on your behalf.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
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