Thinking About Buying A FSBO?

Jun
30

2 comments »

LONG BEACH REAL ESTATE

FSBO

FOR SALE BY OWNER - A BUYER'S STORY

Have you ever seen the movie "The Money Pit", with Tom Hanks and Shelley Long? This movie is hysterically funny and of course has a happily ever after ending. Only in Hollywood folks!

So many Long Beach buyers joke around about their fixer uppers but occasionally this can happen, and when it does there is nothing in life that could make you laugh.

I just finished reading a horror story, told by the buyer of a FSBO (for sale by owner). If you are considering a purchase, you should read this story first. While it is a little bit long, it is definately worth the read. It may save you from a huge mistake.

FSBO GONE WRONG

Laurie Manny Long Beach Realtor (562) 212-5420
Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803
Long Beach Real Estate Blog Long Beach Real Estate Website

http://www.lauriemanny.com/000B4D

Posted on June 30, 2007 18:56:25 by Laurie.Manny

Comment from: Kaye Thomas [Visitor]

· http://beachcityrealestateinfo.blogspot.com

What most people never realize is that this situation happens far more often then the FSBO ideal of a smooth sale with no problems and all parties smiling at the end.

It's like people who run stop signs when they don't see a policeman.. people don't always do the right thing when they don't think anyone is watching them..

Permalink July 03, 2007 02:25:33

Comment from: Laurie.Manny [Member]

· http://www.longbeachrealestatehome.com

Hi Kaye,

So many people think they can sell their own home, not pay a commission and keep a larger portion of the proceeds for themselves. They do not 'get it'! We are NOT used car salespeople. We have extensive knowledge of the market, the process and the contracts. This is nothing to scoff at. Not understanding every paragraph in those contracts, what those paragraphs are capable of and how they can be manipulated to the benefit of a seller or a buyer is critical. Not understanding the current market trends and the finer nuances of pricing in today's market can not only cost them the sale, but can cost them a small fortune in lost purchase price while they chase the market down.

Permalink July 03, 2007 02:43:19

Comment on this article

This post has no comments awaiting moderation.

Long Beach California is Best Neighborhood for Walking

One of the most appealing draws to living in Long Beach California is the walkability of many of our local neighborhoods.

Long Beach California has been ranked as the 8th Most Walkable Neighborhood!

Read More>>>

Relocating to Long Beach California?

If you are relocating to Long Beach California you will need lots of information. You will be curious to know about Long Beach communities, neighborhoods and resources. We have tried to include as many area resources as possible here to make your transition a smooth one.

Read More>>>>

Need A Bigger Home?

Need a larger home?