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What Should I Know Before I Purchase or Sell A For Sale By Owner Home?

1-2-3 Credit & Me: Learn how you can Stabilize, Improve & Maintain your credit throughout your lifetime (Part of the Real Estate & Finance 360 Degrees Series of Books Book 6) by THOMAS (TJ) UNDERWOOD  | Sold by: Services LLC | Oct 19, 2020, updated Summer 2023

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What Should I Know Before I Purchase A For Sale By Owner Home

If you are considering purchasing a home or refinancingyou can go to or along with local mortgage lenders in your areato determine what loan will best suit youand your family. 

You can compare closing costs, APR's and Par rates to determine what loan will best serve yourand your family's long-term interests.

You must know that FSBO’s (For Sale By Owner) homesare often overpricedso it is critical that you do independent research using a realtoror talk to neighbors, especially the neighbors next door, across the street and around the back.

They may have information that is very important from the purchaser’s perspective that the seller may be reluctant to share.

Be sure to use your own home inspector and loan officer--not one recommended by the seller!

A seller recommended inspector and loan officer may appear fair, but it isn’t in your best interest for the long term.

You may also want to do a survey on the property or get one from the seller if available.

What Should I Know Before I Sell A For Sale By Owner Home

*Why you should market your property at the right price!

*Why you should only show your property to qualified buyers!

*Why you should only use Real Estate Brokers who know your area!

*Whether you are operating in a buyer’s or seller’s market!

Fellow Homeowner:

You probably think I’m communicating with you on this web page because I want you to do something.

And you’re right!

I’m going to try to convince you that utilizing this  and realty-1-strategic-advisors.comwill bolster your odds of selling your home at a fair price more than any other step that you could take.

And I firmly believe that!

Please bear with me and listen to the reasons why utilizing this siteand our companion sitemay benefit you, and I will explain the powerful statements mentioned above!

I promise you that you will get some unusual selling insights that you won’t find anywhere else.

When attempting to sell your home yourself you should learn from the competition.

  • What have owners in your area with similar homes done to improve their homes?

  • Is your home as good as, or better than the competition?

  • You also might want to consider a home pre-inspection depending on the age and condition of your property.

You can use the fact that your home was pre-inspected in your marketing and advertising.

You can provide prospective purchasers a copy upfront to let them know you are serious about selling your home and that there should be no surprises.

The key to selling a "For Sale By Owner" home is to market as agressively as possible. Use flyers, the internet, family and friends, co-workers, community bulletin boards, neighbors and anyone that you come into contact withto promote your home.

Consider an open house to attract buyers.

You must also realize that selling your home as "For Sale By Owner" will limit the potential number of buyers that will see your homeas real estate agents show and sell over 90% of homes sold in the Atlanta Marketand a similar high percentagein most housing markets.

Real Estate agents utilize the multiple listing service (MLS) which directs their buyers to the specific price range and home type that they are looking for. 

That process makes homes listed with a real estate agentavailable for viewing by a large number of home buyersthus increasing the odds of selling at a fair price—and in a timely manner!

Also be prepared to work with an agent as they may find a buyer for you. The commission that you pay may well be worth itif you can sell your home at a reasonable priceand in a timely manner.

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Thomas (TJ) Underwood has been providing financial advice as a tax practitioner since the mid 1980’s and began his financial planning career (while earning a Bachelor of Science Degree in Business Administration/Finance/Marketing), in Detroit at Wayne State University.  From 2010 up to the present he continues to provide visitors timely personal finance and wealth building advice and articles—including real estate advice—on 3 sites that he has created since 2010. 

Even though he is an active real estate Broker in the Atlanta Metropolitan area, he continues to blog consistently to help visitors and those who desire lasting financial and life changing success the opportunity to change their life for the better in a more efficient way. 

You can learn more about him and gain access to all three sites that he has created by going to Who is the creator of page.

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