As you search for your dream home, you can come across homes for sale by owners in MN. Also known as FSBOs, these homes are sold by their owners without assistance from a real estate agent. They do this mainly to avoid paying the hefty Realtor commission fees, which can take 2.5-3% off their earnings from a successful sale.
If you are considering buying one of the homes for sale by an owner in MN, it’s worth weighing the pros and cons of an FSBO transaction and knowing how to navigate the process for a successful experience.
What are the pros and cons?
Buying an FSBO home means avoiding agent fees and being able to negotiate with the seller for a better deal. Plus, you’ll be working directly with the homeowner, meaning you will communicate directly with them without a middleman.
However, buying FSBO homes can be challenging when the homeowner lacks experience. As a result, the selling price might not be right, and the paperwork may be lacking. That said, some homeowners may prefer hiring a flat-fee Realtor to assist with the homes for sale by owner process in MN.
Check with a licensed real estate agent
If you’re looking for your dream home and planning to sell your current house, look for a reputable flat-fee realty company that helps FSBO sellers in Minnesota. They can also work with you by representing you and then get your property listed on the Multiple Listing Service. You might even get a cash rebate upon successful closing.
When in doubt, contact us here at Real Estate Corners! We’ll help you buy your dream home in Minnesota. Are you selling your old home to fund your new one? You don’t have to look further if you need help selling your property. We can help you with that, too!
