cies is a frustrating and unfulfilling task for any buyer. Plus, many buyers are unaware of certain things to ask for, what to expect and how to gauge the seller’s mood, capability or motivators. You should also know what form to use when making the initial offer and counter offer. Almost every sale involves a Consumer publications talk about why it’s a smart idea for owners to sell their own homes. These sellers are referred to as For Sale by Owners (FSBO). What’s hardly mentioned is what the other side (the buyer, customer, prospective homeowner) experiences so the seller can save a few bucks (usually at the buyer's expense.)

There’s a whole laundry list of tasks that need to be addressed by one or the other party in a real estate transaction. Do you know what they are? Are you prepared to play the guessing game with a home purchase, which is likely the biggest purchase most people make in their lives? It sounds pretty risky, doesn’t it?

What about personality conflicts?

You never know what you’re getting yourself into when you start the process of buying a home from a complete stranger. When you work with a Realtor at least you can choose someone to act as your filter. The Realtor will work on your behalf, regardless of personality traits on the other side. Buying a FSBO means you might just have to deal with individuals who aren’t on your same wavelength. That can derail your purchase, even for a home you just love.

Who is doing the negotiations?

Unless you are a pro, negotiating for price and contingencies is a frustrating and unfulfilling task for any buyer. Plus, many buyers are unaware of certain things to ask for, what to expect and how to gauge the seller’s mood, capability or motivators. You should also know what form to use when making the initial offer and counter offer. Almost every sale involves a c

s expense.)

There’s a whole laundry list of tasks that need to be addressed by one or the other party in a real estate transaction. Do you know what they are? Are you prepared to play the guessing game with a home purchase, which is likely the biggest purchase most people make in their lives? It sounds pretty risky, doesn’t it?

What about personality conflicts?

You never know what you’re getting yourself into when you start the process of buying a home from a complete stranger. When you work with a Realtor at least you can choose someone to act as your filter. The Realtor will work on your behalf, regardless of personality traits on the other side. Buying a FSBO means you might just have to deal with individuals who aren’t on your same wavelength. That can derail your purchase, even for a home you just love.

Who is doing the negotiations?

Unless you are a pro, negotiating for price and contingencies is a frustrating and unfulfilling task for any buyer. Plus, many buyers are unaware of certain things to ask for, what to expect and how to gauge the seller’s mood, capability or motivators. You should also know what form to use when making the initial offer and counter offer. Almost every sale involves a

tty risky, doesn’t it?

What about personality conflicts?

You never know what you’re getting yourself into when you start the process of buying a home from a complete stranger. When you work with a Realtor at least you can choose someone to act as your filter. The Realtor will work on your behalf, regardless of personality traits on the other side. Buying a FSBO means you might just have to deal with individuals who aren’t on your same wavelength. That can derail your purchase, even for a home you just love.

Who is doing the negotiations?

Unless you are a pro, negotiating for price and contingencies is a frustrating and unfulfilling task for any buyer. Plus, many buyers are unaware of certain things to ask for, what to expect and how to gauge the seller’s mood, capability or motivators. You should also know what form to use when making the initial offer and counter offer. Almost every sale involves a

gardless of personality traits on the other side. Buying a FSBO means you might just have to deal with individuals who aren’t on your same wavelength. That can derail your purchase, even for a home you just love.

Who is doing the negotiations?

Unless you are a pro, negotiating for price and contingencies is a frustrating and unfulfilling task for any buyer. Plus, many buyers are unaware of certain things to ask for, what to expect and how to gauge the seller’s mood, capability or motivators. You should also know what form to use when making the initial offer and counter offer. Almost every sale involves a

cies is a frustrating and unfulfilling task for any buyer. Plus, many buyers are unaware of certain things to ask for, what to expect and how to gauge the seller’s mood, capability or motivators. You should also know what form to use when making the initial offer and counter offer. Almost every sale involves a counter offer, so gather the information you’re going to need to know now, because counter offers generally have time limits.

Whose contract are you going to use?

Do you have your own attorney who can draw up your offer, or are you going to rely on using the seller’s contract? The seller’s contract is going to favor the seller. Your attorney is going to charge you to prepare the contract and any consultation time it requires.

Are you getting a deal?

FSBOs typically don’t know how to set price. If you’re not aware of market trends, the number of competing properties, current listing features and pricing, changes in mortgage rates and a multitude of other pricing influences, you might not be in the best position to judge the value of your intended purchase.

One of my first buyer prospects, prior to working with me, had found a FSBO that would not pay a fee for having a Realtor involved in the sale. At that point I had to back away from the transaction (to the horror of my prospect.) I continued to check in with the buyer during her negotiations. Each time we spoke, she expressed more and more frustration with the process. The negotiations took three times as long as she expected and caused considerable