For Sale By Owner Home Without An Agent You May Not Know The Questions To Ask To Stay Safe

Dated: 12/23/2018

Views: 241

Buyers need to keep a few things in mind. An exceptional buyer’s agent represents your best interests. The agent owes the buyer undivided loyalty, confidentiality, reasonable care, obedience to lawful instruction and accountability.

In reality, trying to buy a home without a real estate agent can carry risks and lead to issues that you may not be aware of. There are plenty of good, honest agents out there who focus on what is best for their clients. The benefits of having a fantastic buyers agent are immeasurable.

Selling a home is fraught with legal pitfalls that only a real estate agent will know. As such, when you choose the FSBO route, you could do something that skirts the law but not even know it.


But buyers want a bargain, and they know when a place is overpriced. As such, listings with bloated prices tend to sit—and sit—on the market. Even if you eventually lower the price, buyers are likely to wonder at that point if there’s something wrong with your house since it's languished on the market so long.

SELLERS DISCLOSURE THEY MAY NOT TELL YOU ABOUT DEFECTS ON THE HOME YOU MAY NOT KNOW TO ASK FOR ONE?

The typical seller disclosure form is several pages long, and it asks the seller to report known defects in the home. This will include the appliances, as well as information about electrical, heating, sewer, water or other mechanical systems. The roof, foundation and other structural elements will be included in the report, as well as latent or hidden defects that are not apparent from a visual inspection, such as: the presence of mold, a crack in the foundation or a prior flooding problem.


Image title



Want to Advertise on this Site?

Latest Blog Posts

Mar 14 2019 48719 1

Water Damage From Faulty Pipes a Rising Threat to U.S. Home  March 12, 2019Homes are increasingly flooding, not from weather-related events but from old pipes and valves, worn-out hoses

Read More

FIRST TIME HOME BUYER SUPPORT

http://vivienne.preferredrebrokers.com/resources.php Department of Housing and Community DevelopmentThe Home Purchase Assistance (HPAP) program provides interest-free loans and closing cost

Read More

Before You Choose A Mortgage Lender Read These Tips

Only You Know Which Lender Is Your TypeThere are three types of mortgage lenders — retail banks, credit unions, and mortgage banks — as well as mortgage brokers, who compare loan products via a

Read More

5 Credit Mistakes That May Keep You From Buying A Home

If buying a home is one of your resolutions for the new year, you’ll need to make sure that your credit is in good shape. Since the Federal Reserve may raise interest rates more than once in 2017,

Read More