For Sale By Owners

Since there are several For Sale By Owner websites you might see some houses that look good listed here, and many people think they can save money without an agent. You do need to be careful though, as For Sale By Owner websites don't have many of the protections a great agent gives you. Keep these things in mind:

Price: private sellers often don't know what the market is really doing. They may think it's risen more than it really has, and get attached to a price that's higher than other listings in the area. You don't want to overpay for something as big as a house; the price on an FSBO website may not a good guide to what the property is really worth.

Condition of the house: as licensed agents we would never list a house without disclosing any risks and upcoming maintenance that is needed, but on FSBO websites it only takes minutes to put up a description that the owner thinks will get you to pay the highest price. We have seen several families in Regina where buy FSBO houses without knowing what they were getting; in one instance a hidden leak in the roof caused major damage to the walls within a year. Don't you deserve to be protected from things like this?

Government regulations: since 2009, every purchase needs to be accompanied by extensive documentation to prove that this is a legitimate use of funds. With a great agent you don't need to deal with this yourself, making the paperwork much easier!

We wouldn't be here if all you needed was an FSBO website; if you aren't sure what to do or what you're really getting we can help you make the right decision. If you do end up buying a house listed privately we can help you protect yourself to reduce the risk. Get in touch with us today to learn more about what you need to look out for!