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Buying

FSBO properties represent approximately 13% of home sales. And they offer buyers certain advantages over homes represented by real estate agents. For example:

 

Find Properties at Better Prices

FSBO sellers can offer you a great opportunity to purchase your dream home. That's because they typically have lower asking prices than properties represented by an agency. Real estate agents include their 6% commission in the asking price, and sometimes pad the price even more; the higher the price, the higher their commission. Considering that a 6% commission on a 250,000 house is $15,000, the difference in price between a FSBO and a comparable house sold through an agency can be significant.

Negotiate Directly With the Seller

When you negotiate on a FSBO property, you negotiate directly with the seller. You don't have to worry about an agent describing your offer as "too low" in order to try to bump up their commission. While real estate agents are legally obligated to tell sellers about every offer, they can -- and do -- make their opinion of offers known, and this complicates negotiations. Additionally, when sellers and buyers are able to negotiate without having to figure a commission into the calculations, the process becomes much more straightforward.

Find Motivated Sellers

Who is more motivated to sell a house than the owner? Sure, some agents are motivated and work very hard to sell the properties they list, but an agent showing dozens of houses can't possibly have all the knowledge about a property that the homeowner selling their own house has. The seller is also motivated because the sale has a direct impact on their life. This often means a better price, less prolonged negotiation, and a faster sale process, particularly if you have been preapproved for a mortgage.

 

Communicate Without an Intermediary

When working through an agent, you must wait for the agent to pass along your questions and other communications and to get back to you with answers. And face it: real estate agents are human, and they may forget to pass along something that is very important to you. If you buy a FSBO property, you talk directly with the seller, saving time and potentially avoiding misunderstandings. Plus, homeowners are often eager to give you plenty of extra information on the house and the neighborhood so you can make good choices.

Remember to Be Prudent

While there are many advantages to buying a FSBO house, you do have to protect your own interests. That often means:

  • Ordering a home inspection (even if the seller has commissioned one already)

  • Ensuring that the homeowner discloses details about the house that could affect the sale … and holding them to it

  • Taking advantage of your right to a final walk-through of the house before closing to make sure everything is in order and any repairs the seller is responsible for have been completed

The bottom line is this: don’t be afraid to look at FSBO properties if you're buying a house. You could be missing out on some great properties if you don't consider them.

 

Ready to start looking at great properties? Click here and start the search for your dream home today.

struct
Cause
struct
ErrorCode 18456
Message [Macromedia][SQLServer JDBC Driver][SQLServer]Login failed for user 'wzladmin'.
NextException
struct
ErrorCode 0
Message [Macromedia][SQLServer JDBC Driver]An error occurred while attempting to log onto the database.
SQLState 08001
StackTrace java.sql.SQLNonTransientConnectionException: [Macromedia][SQLServer JDBC Driver]An error occurred while attempting to log onto the database. at macromedia.jdbc.sqlserverbase.ddca.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddca.a(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.SQLServerImplConnection.f(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.b(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.k(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseDriver.connect(Unknown Source) at macromedia.jdbc.MacromediaDriver.connect(Unknown Source) at coldfusion.server.j2ee.sql.pool.JDBCPool.createPhysicalConnection(JDBCPool.java:614) at coldfusion.server.j2ee.sql.pool.ConnectionRunner$RunnableConnection.run(ConnectionRunner.java:67) at java.lang.Thread.run(Thread.java:662)
TagContext
array [empty]
Type java.sql.SQLNonTransientConnectionException
SQLState 28000
StackTrace java.sql.SQLInvalidAuthorizationSpecException: [Macromedia][SQLServer JDBC Driver][SQLServer]Login failed for user 'wzladmin'. at macromedia.jdbc.sqlserverbase.ddca.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddca.a(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.v(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.SQLServerImplConnection.f(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.b(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.k(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseDriver.connect(Unknown Source) at macromedia.jdbc.MacromediaDriver.connect(Unknown Source) at coldfusion.server.j2ee.sql.pool.JDBCPool.createPhysicalConnection(JDBCPool.java:614) at coldfusion.server.j2ee.sql.pool.ConnectionRunner$RunnableConnection.run(ConnectionRunner.java:67) at java.lang.Thread.run(Thread.java:662)
TagContext
array [empty]
Type java.sql.SQLInvalidAuthorizationSpecException
DataSource ISMH_CMS
Detail [Macromedia][SQLServer JDBC Driver][SQLServer]Login failed for user 'wzladmin'.
ErrorCode 28000
Exceptions
array
1
struct
class java.sql.SQLInvalidAuthorizationSpecException
message [Macromedia][SQLServer JDBC Driver][SQLServer]Login failed for user 'wzladmin'.
2
struct
class java.sql.SQLNonTransientConnectionException
message [Macromedia][SQLServer JDBC Driver]An error occurred while attempting to log onto the database.
Message Error Executing Database Query.
NativeErrorCode 18456
RootCause
struct
ErrorCode 18456
Message [Macromedia][SQLServer JDBC Driver][SQLServer]Login failed for user 'wzladmin'.
NextException
struct
ErrorCode 0
Message [Macromedia][SQLServer JDBC Driver]An error occurred while attempting to log onto the database.
SQLState 08001
StackTrace java.sql.SQLNonTransientConnectionException: [Macromedia][SQLServer JDBC Driver]An error occurred while attempting to log onto the database. at macromedia.jdbc.sqlserverbase.ddca.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddca.a(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.SQLServerImplConnection.f(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.b(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.k(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseDriver.connect(Unknown Source) at macromedia.jdbc.MacromediaDriver.connect(Unknown Source) at coldfusion.server.j2ee.sql.pool.JDBCPool.createPhysicalConnection(JDBCPool.java:614) at coldfusion.server.j2ee.sql.pool.ConnectionRunner$RunnableConnection.run(ConnectionRunner.java:67) at java.lang.Thread.run(Thread.java:662)
TagContext
array [empty]
Type java.sql.SQLNonTransientConnectionException
SQLState 28000
StackTrace java.sql.SQLInvalidAuthorizationSpecException: [Macromedia][SQLServer JDBC Driver][SQLServer]Login failed for user 'wzladmin'. at macromedia.jdbc.sqlserverbase.ddca.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddca.a(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.v(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.SQLServerImplConnection.f(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.b(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.k(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseDriver.connect(Unknown Source) at macromedia.jdbc.MacromediaDriver.connect(Unknown Source) at coldfusion.server.j2ee.sql.pool.JDBCPool.createPhysicalConnection(JDBCPool.java:614) at coldfusion.server.j2ee.sql.pool.ConnectionRunner$RunnableConnection.run(ConnectionRunner.java:67) at java.lang.Thread.run(Thread.java:662)
TagContext
array [empty]
Type java.sql.SQLInvalidAuthorizationSpecException
SQLState 28000
Sql SELECT Node.page_id, COUNT(Parent.page_id) - 1 AS depth, Node.lft FROM PageHierarchies Node CROSS JOIN PageHierarchies Parent WHERE (Node.lft BETWEEN Parent.lft AND Parent.rgt) AND Parent.site_id = 1 AND Node.site_id = 1 AND Parent.language_id = 1 AND Node.language_id = 1 AND Parent.hierarchy_version = 1 AND Node.hierarchy_version = 1 GROUP BY Node.lft, Node.page_id ORDER BY Node.lft
StackTrace coldfusion.tagext.sql.QueryTag$DatabaseQueryException: Error Executing Database Query. at coldfusion.tagext.sql.QueryTag.doEndTag(QueryTag.java:736) at cfleft_nav2ecfm1457251660._factor11(C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm:158) at cfleft_nav2ecfm1457251660._factor14(C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm:2) at cfleft_nav2ecfm1457251660.runPage(C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm:1) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:244) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:444) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2799) at cfbenefits2dbuying2ecfm1408662782.runPage(C:\home\prod1.isoldmyhouse.com\wwwroot\fsbo\benefits-buying.cfm:82) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:244) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:444) at coldfusion.filter.CfincludeFilter.invoke(CfincludeFilter.java:65) at coldfusion.filter.IpFilter.invoke(IpFilter.java:64) at coldfusion.filter.ApplicationFilter.invoke(ApplicationFilter.java:422) at coldfusion.filter.RequestMonitorFilter.invoke(RequestMonitorFilter.java:48) at coldfusion.filter.MonitoringFilter.invoke(MonitoringFilter.java:40) at coldfusion.filter.PathFilter.invoke(PathFilter.java:112) at coldfusion.filter.ExceptionFilter.invoke(ExceptionFilter.java:94) at coldfusion.filter.ClientScopePersistenceFilter.invoke(ClientScopePersistenceFilter.java:28) at coldfusion.filter.BrowserFilter.invoke(BrowserFilter.java:38) at coldfusion.filter.NoCacheFilter.invoke(NoCacheFilter.java:46) at coldfusion.filter.GlobalsFilter.invoke(GlobalsFilter.java:38) at coldfusion.filter.DatasourceFilter.invoke(DatasourceFilter.java:22) at coldfusion.filter.CachingFilter.invoke(CachingFilter.java:62) at coldfusion.CfmServlet.service(CfmServlet.java:204) at coldfusion.bootstrap.BootstrapServlet.service(BootstrapServlet.java:89) at sun.reflect.GeneratedMethodAccessor40.invoke(Unknown Source) at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:25) at java.lang.reflect.Method.invoke(Method.java:597) at org.apache.catalina.security.SecurityUtil$1.run(SecurityUtil.java:274) at org.apache.catalina.security.SecurityUtil$1.run(SecurityUtil.java:271) at java.security.AccessController.doPrivileged(Native Method) at javax.security.auth.Subject.doAsPrivileged(Subject.java:517) at org.apache.catalina.security.SecurityUtil.execute(SecurityUtil.java:306) at org.apache.catalina.security.SecurityUtil.doAsPrivilege(SecurityUtil.java:166) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:299) at org.apache.catalina.core.ApplicationFilterChain.access$000(ApplicationFilterChain.java:57) at org.apache.catalina.core.ApplicationFilterChain$1.run(ApplicationFilterChain.java:193) at org.apache.catalina.core.ApplicationFilterChain$1.run(ApplicationFilterChain.java:189) at java.security.AccessController.doPrivileged(Native Method) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:188) at coldfusion.monitor.event.MonitoringServletFilter.doFilter(MonitoringServletFilter.java:42) at coldfusion.bootstrap.BootstrapFilter.doFilter(BootstrapFilter.java:46) at sun.reflect.GeneratedMethodAccessor39.invoke(Unknown Source) at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:25) at java.lang.reflect.Method.invoke(Method.java:597) at org.apache.catalina.security.SecurityUtil$1.run(SecurityUtil.java:274) at org.apache.catalina.security.SecurityUtil$1.run(SecurityUtil.java:271) at java.security.AccessController.doPrivileged(Native Method) at javax.security.auth.Subject.doAsPrivileged(Subject.java:517) at org.apache.catalina.security.SecurityUtil.execute(SecurityUtil.java:306) at org.apache.catalina.security.SecurityUtil.doAsPrivilege(SecurityUtil.java:246) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:239) at org.apache.catalina.core.ApplicationFilterChain.access$000(ApplicationFilterChain.java:57) at org.apache.catalina.core.ApplicationFilterChain$1.run(ApplicationFilterChain.java:193) at org.apache.catalina.core.ApplicationFilterChain$1.run(ApplicationFilterChain.java:189) at java.security.AccessController.doPrivileged(Native Method) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:188) at com.seefusion.Filter.doFilter(Filter.java:49) at com.seefusion.SeeFusion.doFilter(SeeFusion.java:1500) at sun.reflect.GeneratedMethodAccessor38.invoke(Unknown Source) at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:25) at java.lang.reflect.Method.invoke(Method.java:597) at org.apache.catalina.security.SecurityUtil$1.run(SecurityUtil.java:274) at org.apache.catalina.security.SecurityUtil$1.run(SecurityUtil.java:271) at java.security.AccessController.doPrivileged(Native Method) at javax.security.auth.Subject.doAsPrivileged(Subject.java:517) at org.apache.catalina.security.SecurityUtil.execute(SecurityUtil.java:306) at org.apache.catalina.security.SecurityUtil.doAsPrivilege(SecurityUtil.java:246) at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:239) at org.apache.catalina.core.ApplicationFilterChain.access$000(ApplicationFilterChain.java:57) at org.apache.catalina.core.ApplicationFilterChain$1.run(ApplicationFilterChain.java:193) at org.apache.catalina.core.ApplicationFilterChain$1.run(ApplicationFilterChain.java:189) at java.security.AccessController.doPrivileged(Native Method) at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:188) at org.apache.catalina.core.StandardWrapperValve.invoke(StandardWrapperValve.java:224) at org.apache.catalina.core.StandardContextValve.invoke(StandardContextValve.java:169) at org.apache.catalina.authenticator.AuthenticatorBase.invoke(AuthenticatorBase.java:472) at org.apache.catalina.core.StandardHostValve.invoke(StandardHostValve.java:168) at org.apache.catalina.valves.ErrorReportValve.invoke(ErrorReportValve.java:98) at org.apache.catalina.valves.AccessLogValve.invoke(AccessLogValve.java:928) at org.apache.catalina.core.StandardEngineValve.invoke(StandardEngineValve.java:118) at org.apache.catalina.connector.CoyoteAdapter.service(CoyoteAdapter.java:414) at org.apache.coyote.ajp.AjpProcessor.process(AjpProcessor.java:204) at org.apache.coyote.AbstractProtocol$AbstractConnectionHandler.process(AbstractProtocol.java:539) at org.apache.tomcat.util.net.JIoEndpoint$SocketProcessor.run(JIoEndpoint.java:298) at java.util.concurrent.ThreadPoolExecutor$Worker.runTask(ThreadPoolExecutor.java:886) at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:908) at java.lang.Thread.run(Thread.java:662) Caused by: java.sql.SQLInvalidAuthorizationSpecException: [Macromedia][SQLServer JDBC Driver][SQLServer]Login failed for user 'wzladmin'. at macromedia.jdbc.sqlserverbase.ddca.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddca.a(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.b(Unknown Source) at macromedia.jdbc.sqlserverbase.ddb9.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.v(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddr.a(Unknown Source) at macromedia.jdbc.sqlserver.tds.ddj.a(Unknown Source) at macromedia.jdbc.sqlserver.SQLServerImplConnection.f(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.b(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.k(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseConnection.a(Unknown Source) at macromedia.jdbc.sqlserverbase.BaseDriver.connect(Unknown Source) at macromedia.jdbc.MacromediaDriver.connect(Unknown Source) at coldfusion.server.j2ee.sql.pool.JDBCPool.createPhysicalConnection(JDBCPool.java:614) at coldfusion.server.j2ee.sql.pool.ConnectionRunner$RunnableConnection.run(ConnectionRunner.java:67) ... 1 more
TagContext
array
1
struct
COLUMN 0
ID CFQUERY
LINE 158
RAW_TRACE at cfleft_nav2ecfm1457251660._factor11(C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm:158)
TEMPLATE C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm
TYPE CFML
2
struct
COLUMN 0
ID CF_LEFT_NAV
LINE 2
RAW_TRACE at cfleft_nav2ecfm1457251660._factor14(C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm:2)
TEMPLATE C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm
TYPE CFML
3
struct
COLUMN 0
ID CF_LEFT_NAV
LINE 1
RAW_TRACE at cfleft_nav2ecfm1457251660.runPage(C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm:1)
TEMPLATE C:\home\prod1.isoldmyhouse.com\wwwroot\includes\2011\left_nav.cfm
TYPE CFML
4
struct
COLUMN 0
ID CFINCLUDE
LINE 82
RAW_TRACE at cfbenefits2dbuying2ecfm1408662782.runPage(C:\home\prod1.isoldmyhouse.com\wwwroot\fsbo\benefits-buying.cfm:82)
TEMPLATE C:\home\prod1.isoldmyhouse.com\wwwroot\fsbo\benefits-buying.cfm
TYPE CFML
Type Database
queryError [Macromedia][SQLServer JDBC Driver][SQLServer]Login failed for user 'wzladmin'.
where [empty string]