Is an investor looking at FSBO (for sale by owner) homes hoping to take advantage?? If I have an agency do all my paperwork for me, I will still be legally covered so the buyer can't screw me over, right?
2007-03-16 14:04:19 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Investors might look at FSBO's to get a better deal. They will pay less for the property since the owner gets more of the money. If you had a realtor, they would take 6% (ish), so the investor can offer you that much less.
Investors might want to look for people selling their own homes for more options: owner financing type stuff. Make sure you read thoroughly over any offer they make and have a real estate attorney go over it if you are unsure. Don't forget you can turn down anything you don't like! Don't let them pressure you into selling.
2007-03-16 14:10:29 · answer #1 · answered by ? 5 · 0⤊ 0⤋
Real estate investors have a saying "you make your money when you buy, not when you sellI." This means they like to buy at a discount. Does this mean your being taken advantage of? Only you can decide...
2007-03-16 15:14:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You should of hired a Realtor and you won't be asking this question. The questions would be how much am I going to get and when will I receive it.
2007-03-16 14:22:36 · answer #3 · answered by loladrewblue 4 · 0⤊ 0⤋
The buyer is taking a far worse risk then you. BUt, all that said, they would take the liability off your shoulders.
2007-03-16 14:08:00 · answer #4 · answered by Anonymous · 2⤊ 0⤋
do some dodiligence, a discloser and fee agreement with the agency and you covered by rock paper and scissor
2007-03-16 14:19:29 · answer #5 · answered by August P 2 · 0⤊ 0⤋