| Pub Date: 8/29/2008 2:27:34 PM | | | Every buyer in the United States is looking for a deal. And yes, there are many fantastic deals out there; however, one must be informed about the process of aquiring such properties. FSBO buyers have always been linked to people that are looking for better deals because they are doing things on their own, trying to avoid any Realtor commissions and dealing directly with the seller. The problem is when short sales come into play. The buyer and seller may agree with one price; however, the bank is the one that makes the final decision. If you are a FSBO buyer, you should be up to date with short sale procedures, costs and purchase timelines. The process is not an easy one and it requires a lot of patience from the buyer. The buyer could be stuck in a contract for 3 months without hearing anything from the bank. Even worse, he could be denied after he lost all of that time. As an FSBO buyer, you should be up to date with all buyer procedures. Looking for good deals is great, but when a transaction becomes so complicated that the outcome is uncertain, maybe the deal is not the best one around. | |  | | Subscribe to this blog |
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