of the 2nd lot was correctly in his name but both homes on either side had been incorrectly transferred to the new home buyer. The new homeowner now owned both houses and the neighbor owned his expanded driveway and yard. Fortunately, they were good neighbors and settled the matter with a few signatures. Phewwww! A good real estate agent, as well as a good real estate attorney, deals regularly with these contracts, conditions, and unexpected situations, and is familiar with which conditions should be used and when they can safely be removed, and how to use the contract to protect you.
YOU MAY NOT SAVE MONEY DOING IT ON YOUR OWN
The common thought of not using a real estate agent would be to save money, right? Otherwise, why would a buyer turn down professional assistance in finding a home to their liking as well as handling negotiations and the many other home buying duties? However, it’s unlikely that both the buyer and the seller will reap the benefits of not paying real estate agent commissions. It works like this: An owner selling on his own will price the house based on the sale prices of other comparable properties in the area. Many of these properties will be sold with the help of an agent; therefore, the seller profits in getting to keep the percentage of the home’s sale price that might otherwise be paid to the real estate agent. That's the whole mentality of why most sellers go the route of selling FSBO. They want to net more money. Buyers looking to purchase a home sold by FSBO owners believe they can save money on the home by not having an agent involved and so they spend their hours looking solely at FSBO houses. They might expect to get that benefit and make an offer accordingly. Unless the buyer and seller agree to split the savings,
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