Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: April 2016

Five Biggest Mistakes made by Home buyers when buying from FSBO

Most home owners try to sell their home on their own without hiring a real estate agent in order to save the commission. 

Home buyers look to buy a home directly from home owners to save money .

 

There are some home owners who will pay the buyer agent's fees. If you are a home buyer and would like to buy a home that is not listed with an agent , you should ask the seller if he will pay the buyer agent's fees. Some of them do pay the agent's fees.

If you want to buy a home that is FOR SALE BY OWNER read these tips :

If you are looking to buy in Bucks county Pa and need an agent to represent you call Gita Bantwal at Re/Max Centre Realtors 215-343-8200x124 or 215-275-8491 cell.

I am an Accredited Buyer Representative and hold the ABR designation.

If you are lookingt buy in other areas I can refer you to an agent in the area.

 

Here are five biggest mistakes buyers make when buying from FSBO.

1. Being unrepresented.

Sellers may be experienced and may have sold a house before or may be investors or attorneys. Do you have experience buying houses?. You may have bought a house 10 years ago, but laws may have changed. You might want to ask an attorney or buyer's agent to help you with the transaction.

 

2. Making the deposit check out to the seller.

How will you be protected if the seller cashes the check and you do not get approved for the mortgage and seller refuses to return the deposit.? Your attorney or agent wil guide you about the deposit check.

 

3.Not knowing market value.

You might not know what the homes are selling for and may offer more that what it is worth. an agent will help you with the comparable sales in the area. you can probably look up some sites on the interent, but some of them are not accurate.An agent has upto date information. If you think you are saving buying from FSBO , you might want to think again.The FSBO is probably trying to save the commission.Both of you are going after the same savings.

 

4.Not knowing how to negotiate.

You might feel awkward negotiating and making a low offer or offending the seller. The agent can do this on your behalf.If you have a buyer's agent you can negotiate the fees for buying 'sale by owner,' in advance with the agent ,

 

5. Failing to have contingencies like inspections, appraisals and obtaining the mortgage in the contract.

Failing to ask for seller's disclosure is a mistake as well. If you know the market well, if you are an attorney yourself or will use an attorney you might get some good deals , if not be careful .

Remember BUYER BEWARE.

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 38 commentsGita Bantwal • April 28 2016 05:19AM
Five Biggest Mistakes made by Home buyers when buying from FSBO
share
Most home owners try to sell their home on their own without hiring a real estate agent in order to save the commission. Home buyers look to buy a home directly from home owners to save money There are some home owners who will pay the buyer… more
May is a great Month for Foodies.
share
May is the month for Foodies. Whether you are on a diet or do not diet you can celebrate your favorite food. May is National Barbecue month May is National Chocolate custard month May is Hamburger month May is National salad month May is National… more
Top Five amenities Seniors in Bucks and Montgomery counties are…
share
Top Five amenities and features seniors are looking for in a home: 1. Open floor plan with a large gourmet kitchen, large closets, plenty of storage, They plan on continuing to have the family over for holiday dinners. First floor main bedroom… more
Housing Market Woodfield estates Homes sold Q1 2016
share
Woodfield estates is a community of single homes built by Katz builders. There are different floor plans The homes have garages and basements There are some homes with 3 car garage but most have 2 car garages. The community is located within… more
Top Five Reasons Central Bucks is a Great Place to live
share
People love to live in Central Bucks because it is beautiful and has homes in all price ranges. Here are top five reasons people love to live in Central Bucks. 1. Quality of Life. There is a lot of open space in the area. There are farms golf… more
Gwynedd Club Condo is Now Rented
share
Gwynedd club is a nice condo located in North Wales. I listed a two bedroom unit and receieved many calls as soon as I listed. The first person who saw it made an application and it is now rented Tenants moved in over the weekend. Gwynedd club.. more
Residential homes sold in Warwick township in First quarter 2016
share
Warwick township is located in Bucks county pa. I looked up the mls for residential listings sold in Warwick township in first quarter of 2016. This is what I found : There were 36 homes that settled in the first quarter of 2016. The lowest sale… more
April 28 is Great poetry Reading day
share
I do not know who started this or when they first named April 28 as " Great poetry reading day ' I just read it in the carrier Pigeon a monthly free magazine that I receive. Check out www. theuptightsuburbanite. com. It is interesting to see… more
April 26 is National Pretzel day
share
I do not know who started this or when they first named April 26 as " National Pretzel day ' I just read it in the carrier Pigeon a monthly free magazine that I receive. Check out www. theuptightsuburbanite. com. It is interesting to see that… more
Residential homes sold in Warrington township Bucks county in First…
share
Warrington township is located in Bucks county pa. I looked up the mls for residential listings sold in Warrington township in first quarter of 2016. This is what I found : There were 48 homes that settled in the first quarter of 2016. The lowest… more