Honest Realtor Blog in the Twin Cities

For Sale by Owners
September 1st, 2009 10:13 PM

Properties for sale by owner are difficult to navigate unless you are  experienced in real estate transactions.

Often times properties being sold directly by owners do not have the correct legal disclosures and documentation to protect by parties in the transaction.

Often you must seek professional help to conduct the transaction anyway, unless the owner is a real estate professional or an attorney. But then how do you know they are protecting your best interest?

Most 'For Sale by Owner' properties do not get listed on the MLS. The only way they can is by using a discount real estate broker and ultimately they still need help from a real estate professional to conduct a sale.

Our best recommendation if you want to sell your home 'by owner' is that you at least use a discount broker or real estate company to get your property on the MLS.

For buyers, you can still use an agent to buy a home that is for sale by owner, but you need to let your agent negotiate the transaction for you.

If you have any questions about buying or selling your home, just contact us.

We can help and we do not charge a dime for intial consultation.

Tod Franklin

t.franklin@mntrealestate.com

612 910 7993


Posted by Marc Harshman on September 1st, 2009 10:13 PMPost a Comment (0)

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