For Sale by Owner' Deals Need Local Agent Knowledge

Suppose you are driving past one of those ‘For Sale by Owner’ yard signs…and the house looks good!

 Do you screech to a halt, jump out and rush up to the front door to – quick! – sign a deal? More likely, you jot down the phone number (hopefully one is visible, though with For Sale By Owner signs, it’s not always the case) so you can call up your agent to get the details.

Veteran buyers considering a local For Sale by Owner (FSBO) property know why it’s highly beneficial to use their agent from the start. Even if you have found the home yourself, you should want that first call to go to an agent.

Here’s why:

·         Agents offer advanced relationships that stand to improve your bottom line. For example, timing often can make or break a deal, and agents can utilize their network of the Evansville lenders who have proven most reliable. Agents are also likely to have vetted referrals for specialized services to address fireplace and chimney issues, drainage, asbestos removal, etc.

·         Agents are experienced negotiators whose familiarity with local real estate requirements strengthens your position vis-à-vis credits and repairs. Agents understand potential issues likely to come up at inspection -- and can help you evaluate each item in your inspection report.

·         Some buyers believe they can save money by not using an agent in localFor Sale by Owner transactions. Sometimes that happens, but more often than not, it’s the FSBO owner whose heart is set on pocketing that extra 2.5 – 3%. Agents can save you money in other ways -- by negotiating a lower selling price, proposing intangible benefits (like cash for closing), etc.

Circumstances differ, but the bottom line value an experienced agent adds is a clear understanding of the complications and issues that often arise during dealings – whether ‘For Sale by Owner’ or not.   To get to closing, be sure your agent is involved. And if you’re looking for an agent, I would love to help – call me today to discuss how I will help! You can reach me on my cell phone at 812-499-9234 or email Rolando@RolandoTrentini.com