Houses For Sale By Owner - article by Articles Everyday

Investing in a home is the largest investment any of us will ever make. For the majority of people buying a home involves taking out a mortgage for fifteen to thirty years. This is a huge time and financial obligations that should not be entered into lightly. When we were first in the market for a home we met with a realtor to discuss the price range that we felt comfortable with. She had us fill out a form with our financial information on. We were shocked when she told us that we could buy a home in a much higher price range than we felt we could afford. She assured us that this would be doable for us and she started looking through the listings at houses that were listed on the multiple listings system.

After looking at several houses and not finding one that we fell in love with we were starting to get discouraged. We had been looking for houses in the newspaper also under the houses for sale by owner section. One day we saw a listing that seemed perfect. Most of the houses for sale by owners state no realtors, so we called the number directly and set up an appointment to see the house.

The owners were very pleasant. They explained that they were moving to another state to be closer to family and to have weather that was less harsh than our winters. The home that they were selling was built as their retirement home. It was a one level house on twenty acres of land. We loved the setting and the house was only ten years old. The wall colors were a bit bright for our taste, but we thought a few cans of paint would fix that. We told them that we were very interested and wanted to give them earnest money to hold the property while we arranged to have a home inspection done. They told us that a verbal agreement would be fine and they promised to call us immediately if another offer would come in so we could have first chance to buy the house. We left feeling that this seemed like such a nice way to do business. We had learned enough about what owners had to disclose by going to the other houses with the realtor. We were glad that we looked in the houses for sale by owners section. We would not have to pay the realtor fee and yet by having the house inspected we would not be getting into something that was not disclosed.

The house inspection went well. There were no surprises and the closing was very relaxed without having the realtor’s at the table.

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