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FSBO Risks
August 1st, 2013 10:20 AM

A good article recently in the Lakeland Ledger is important enough to repeat here.  Too many sellers decide to avoid paying the extra percentages to a Realtor and buyers think they can speed through the purchasing process without having to sign papers all day at the bank.  But 'For Sale By Owner' can be a hazard that should be avoided.

Complex contracts, legal papers and disclosures complement the buying-selling process and are best left to experienced professionals.  Real estate agents have the most current documentation necessary and can provide a checklist of the required steps needed, including the purchase of title insurance and the proper recording of the deed.  Any missing steps can lead to big problems later on.

Real estate professionals have the market knowledge that common homeowners do not.  Agents are skilled in analyzing all the factors that contribute to properly pricing a home and they are experts in gathering and communicating this information to help in the negotiating process. 

Real estate agents have seen it all from the homeowner who tries to hide potentially dangerous aspects of their home to the aggressive buyer who makes an offer at far less than market value.  Without professional help, a seller may encounter a challenge that requires industry expertise and past experience to overcome.  By the time  research is conducted, it could be too late.

In is in a sellers best interest to let a realtor help  avoid potential pitfalls that could leave that seller regretting his(her)  decision for years to come!  

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Posted by Barbara Doeringer on August 1st, 2013 10:20 AMPost a Comment

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