How to Buy a Home Privately, also known as a For Sale By Owner (FSBO), is the process of selling a home without the involvement of a real estate agent. It can be a great option for those looking to save money on commission fees and have more control over the sale of their home. However, it is essential to understand the complexities involved and the potential risks associated with this process to make informed decisions.
There are several benefits to buying a home privately. Firstly, it can save you money on commission fees, which typically range from 5% to 6% of the home’s sale price. Secondly, you have more control over the sale process, allowing you to set the listing price, negotiate with potential buyers, and manage the paperwork.