Myths about Buying Orlando Property for Sale by Owner | Orlando ...

There are a couple of misconceptions about buying Orlando real estate for sale by owner (FSBO).? Orlando Florida Real Estate????

Sellers aren?t Serious

Some buyers assume that the seller isn?t serious about selling the house, that they are just testing the market. Whereas this is true in some cases, most sellers are serious and can settle for an offer that is near the asking price.

There?s One thing Wrong with the House

Generally Orlando real estate for sale by owner sits available on the market for a while. Typically, it isn?t as a result of there?s one thing terribly unsuitable with the house.

It may be as a result of the owner is not open to negotiations on the sale price. More typically, it is because the owner does not have the expertise marketing and displaying homes to potential buyers that a real estate agent does. A typical owner is not prone to have the time to properly market the house. If there aren?t enough buyers looking on the house, it is going to be harder to get an excellent purchase offer.

Real Estate Brokers can?t Help

Some buyers consider that real estate agents can?t assist them negotiate the purchase of a FSBO. That is not true. If you find a FSBO you?re interested in, whether or not you find it as a result of you drive by it or see it in an advertisement, let your Orlando real estate agent know. Real estate agents can represent your best interests when purchasing FSBOs, identical to they do when purchasing homes listed with a real estate agency.

If a buyer who?s represented by an agent is interested in a FSBO home, that buyer?s agent might request the owner pay her or him a commission, or finder?s payment, for bringing the buyer. The seller could select to either pay the fee or refuse. The seller just isn?t legally obligated to pay any commission. If no agreement is in place with either the home buyer or the owner of the FSBO property, the buyer?s agent might not necessarily be compensated in the transaction, or could also be compensated by the buyer.

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Source: http://www.orlando-florida-magazine.com/myths-about-buying-orlando-property-for-sale-by-owner/

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