Homes for sale by owner are really appealing to many people who are in the market for a new house. There are some benefits to working directly with the homeowner but there are also some drawbacks to consider as well. After balancing the pros and cons you might find that homes for sale by owner are the right choice for your family.
The major drawback to buying homes directly from the owner is that you might be getting more than you bargained for. You have to make sure that inspections are up to date and you also have to read the fine print when it comes to the contract. These details are not commonly addressed in homes for sale by owner.
However, my husband and I found that financing was a cinch when working directly with the homeowner. We found an adorable little house with a for sale sign sitting in the front yard. I fell in love with the place but we were afraid that homes for sale by owner were not really the best option considering how much money we would need.
The down payment was negotiable and we were comfortable with the homeowner’s asking price. We also opted to use the same mortgage company as the owner. This made the financing process really easy. The closing took a grand total of 25 minutes. We were really happy that we opted to consider homes for sale by owner.
Others don’t have the same experience. After hearing about how well things went for us, one of our friends looked into homes for sale by owner in his area. He had difficulty finding places that weren’t connected with a company. There were plenty of houses for sale but only ones through real estate agencies.
Once he did find a couple homes for sale by owner he went to work making appointments to see them. This wasn’t simple because many of the homeowners were busy while he was off work. Scheduling a good time was a real challenge and when he did get an appointment he usually didn’t like what he saw.
That was until he started looking online for homes for sale by owner options. There were tons of great houses and beautiful property showcased on the Internet. He also had trouble finding a place close to his community but it was only a matter of time before he did.
Anyone interested in purchasing a house has lots of options. Finding homes for sale by owner opportunities might seem difficult but it really isn’t if you start with your computer.
