If you are looking to buy a house for yourself and your family then you can give a thought to the option of FSBOs. These are the type of houses which are for sale by owners. This process involves direct interaction with the owner of the property without the interference of a middleman. This peculiar method of sale and purchase has continuously proved to be much more flexible, safer and easier on the pocket. Following are some advantages of purchasing the house directly from the owner:
The biggest advantage of purchasing a property directly from the owner is that there are no commissions. As compared to a real estate represented by an agency, this type of property has a comparatively lower rate. Because of the lack of commission this house becomes much more affordable and this allows you to save much more money. If you decide to go with the option of an FSBO purchase, this will result in the complete removal of the middleman and allow you to directly negotiate with the property owner. You can have a meeting with the owner over a cup of tea and decide a price that is agreeable by both parties.
Without the presence of an agent or a broker, you have the complete freedom of bargaining with the owner’s original price. As the property owners have little negotiation experience and in their anxiousness to sell the property, they usually settle on a price which is much lower than the original bid. If home buyers take advantage of this, they can end up saving a lot of money.