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To: AngryCapitolist
My advice as a mortgage lender.

Be really careful that you do not overpay, I have seen this happen more than once with people buying FSBO properties. People may not always like realtors, but a good buyers agent will keep this from happening, as they are working for you.

Make sure you have a very good home inspection done, again you have no one else watching your back. Once you close the home with any flaws is yours.

I am not saying you should not buy a FSBO; just be aware that you will on your own with a very expensive purchase.

9 posted on 06/19/2008 9:13:43 AM PDT by HereInTheHeartland ("We have to drain the swamp" George Bush, September 2001)
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To: HereInTheHeartland

The main problem is that most people try to sell their own home without a Realtor in order to ‘save’ the commission.

And people who buy from a For Sale By Owner [FSBO] right off the bat want to offer less because they know the Seller is not going to pay a commission

Both can’t save the commission.

IMO, anybody that tries to sell their own home in the current inventory flooded market is not serious about selling and usually has his property overpriced.


11 posted on 06/19/2008 9:19:42 AM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon))
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