Myths about Buying Portland Real Estate for Sale by Owner
There are a few misconceptions about buying Portland real estate for sale by owner (FSBO).
Sellers aren’t Serious
Some buyers think that the seller isn’t serious about selling the house, that they’re just testing the market. While this is true in some cases, most sellers are serious and will accept an offer that is close to the asking price.
There’s Something Wrong with the Home
Sometimes Portland real estate for sale by owner sits on the market for a while. Generally, it isn’t because there’s something terribly wrong with the house.
It may be because the owner isn’t open to negotiations on the sale price. More often, it’s because the owner doesn’t have the experience marketing and showing homes to potential buyers that a real estate agent does. A typical owner isn’t likely to have the time to properly market the house. If there aren’t enough buyers looking at the house, it’s going to be harder to get a good purchase offer.
Real Estate Agents can’t Help
Some buyers believe that real estate agents can’t help them negotiate the purchase of a FSBO. That’s not true. If you find a FSBO you’re interested in, whether you find it because you drive by it or see it in an advertisement, let your Portland real estate agent know. Real estate agents can represent your best interests when purchasing FSBOs, just like they do when purchasing homes listed with a real estate agency.
If you’re interested in buying a home, whether or not it’s a FSBO, I’d like to help you.
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