Home Buying in 34241>Question Details

jackrussell4…, Home Owner in 34241

Where can I find a list of for sale by owner in the East of I75 area of Sarasota?

Asked by jackrussell4000, 34241 Mon Feb 25, 2013

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4
Jack,

Have you been to the For Sale By Owner sites such as http://www.owner.com and http://www.forsalebyowner.com?

I concur with Bill Eckler's previous post, limiting your search to for sale by owner's may cause you to overlook better opportunities. Many (not all) homeowner's choose to try to sell themselves because they want to list the home for more than fair market value. Another consideration is that the seller has not properly disclosed known material defects. I heard a story from someone who purchased owner direct. The owner had made a ground settlement claim with the insurance company and pocketed the amount the insurance company paid to repair the ground settlement issue instead of getting it repaired. Subsequently, the homeowner put the home on the market, did not disclose the ground settlement issue, and then sold the home to an unsuspecting purchaser. Unfortunately, the new purchaser discovered the settlement issue and had to come out of their own pocket to make the repairs. If the buyer had used a Realtor, the buyer would have had more protection and a third party witness to the transaction, with a better possibility of recourse against the previous owner.

If you do purchase directly from a homeowner, make sure you get a signed seller's disclosure that states the seller is not aware of any material defects. Also, make sure everything attached to the home requiring a permit has been properly permitted. You can check this information through the central permitting at the county you are purchasing in. Make sure you are not paying too much for the home. Finally, have professional home and termite inspections. If there is a septic tank or well, be sure to have those inspected as well.

Best of luck in finding a great home at a great value.

Sincerely,

Fred Strickroot
HomeNet
Lic. FL Real Estate Brokerage
727-478-8997
mybestfloridarealtor@gmail.com
0 votes Thank Flag Link Mon Mar 11, 2013
Jack.....

As mentioned previously, local media, Craig's List, and Zillow are good sources for FSBO opportunities.

With this said, one would have to question why you would like to narrow your search to include only these options. The fact of the matter is that the typical FSBO home is over priced. These sellers have a limited appreciation for the local RE market and clearly understand what they paid for the property and evert dime they spent on it during their ownership.

In this market buyers of FSBO property should take care not to over pay for the luxury of buying directly from the owner.

Good luck,

Bill
0 votes Thank Flag Link Mon Feb 25, 2013
Here are some sites to try:
http://www.heraldtribune.com, http://www.forsalebyowner.com, http://www.zillow.com, fsbo.com,
fsboowners.com, http://www.craigslist.com, http://www.ebay.com, http://www.owners.com

I would be happy to help you or answer any questions you may have.


Tammy Hayes, Realtor
RE/MAX Palm Realty
tammyhayesre@gmail.com
941-276-6185
http://www.tammyhayes.remaxagent.com/
0 votes Thank Flag Link Mon Feb 25, 2013
The three best places I have found to find for sale by owners is Forsalebyowner.com (also FSBO.com), Zillow, and Craig's list.
0 votes Thank Flag Link Mon Feb 25, 2013
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