Buying or Selling "For Sale By Owner" Property

Buying directly from the property owner can be a win-win situation for both buyer and seller.

Because the seller is not required to pay an agent's commission which could amount to thousands of dollars, when they sell by owner they can be more flexible in negotiating a price acceptable to the buyer.

For example, agent's commissions typically range between 5% - 7%. That means that on the sale of a $200,000 house, the commission can cost $10,000 to $14,000. Frequently a seller will set the price they want for a home then add the agent's commission to the price. If the house is sold directly by the owner, the savings in commission costs can be passed to the buyer through a lower selling price.

Sell Home by Owner and Save Thousands

Because a "For Sale by Owner" home can be priced lower than similar homes, the seller wins because the home often sells more quickly....the buyer wins because they can purchase the home they want at a lower price.