FSBO DALLAS is A Great Choice
FSBO can be a great choice in buying a home because it eliminates the middle man, saving you money from paying a real estate agent’s commision. The number one reason why people purchase a home directly from a homeowner is to avoid paying the real estate agent’s commission. However, FSBO has its drawbacks too and it is important to understand the process.
If you decide to purchase a home directly from the homeowner, follow the steps below:
1. Price and Location
- Determine the area where you’d like to live before you begin your search. Determine how much you can afford when purchasing a home. These two important factors determine how much can you spend. In addition, take into consideration other costs including commuting, existing debts and other loans.
- Get pre approved from an experienced and reputable mortgage lender. Ensure that you select a lender who will help you qualify to buy a home based on your financial stability.
- Browse online for the current home sale prices, home values and mortgage rates. Look for homes, property information and virtual tours.
- Contact the owner and request additional information and details about the house you like. Request a home valuation report from the home owner.