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What To Know When Buying A “For Sale By Owner” Home

Friday, January 31, 2014   /   by Shawn Viguerie

What To Know When Buying A “For Sale By Owner” Home

In today’s market it is not uncommon to see homes marketed as “For Sale By Owner”. Home owners will often try to sell their homes in an attempt to avoid paying a commission. Unfortunately for the home buyer there is plenty of room for error when the seller does not have an experienced agent to guide them through the process. Problems can range from failing to disclose important aspects of the home to inspection and repair concerns.


 


“Last week while meeting with one of our clients whose house we were listing for sale, our client mentioned they found a "For Sale By Owner," (which in the Realtor community is commonly known as a "FSBO") that they wanted to purchase.  As we continued to discuss with our clients the specifics of the "FSBO" they were interested in, they soon realized that there are many things that they did not consider and that they should proceed with caution with buying a "FSBO."


 


Read the entire article here http://keithhiscocksoldteam.realtytimes.com/advicefromagents1/item/27345-fsbo-buyer-s-beware


 



 


Pierce County Statistics:


Homes for sale in Spanaway: Average For Sale Price December 2013: $233,000. Down 4.5% compared to the last month. Average Sold Price in December 2013: $209,000. Up 10% compared to last month.


Homes for sale in Tacoma: Average For Sale Price December 2013: $247,000. Down 2.4% compared to the last month. Average Sold Price in December 2013: $198,000. Up 15.1% compared to last month.


Homes for sale in Lakewood: Average For Sale Price December 2013: $360,000. Down 10% compared to the last month. Average Sold Price in December 2013: $229,000. Down 18.8% compared to last month.


Homes for sale in Fife: Average For Sale Price December 2013: $294,000. Up 4.3% compared to the last month. Average Sold Price in December 2013: $218,000. Down 23.8% compared to last month.


Homes for sale in Milton: Average For Sale Price December 2013: $231,000. Down 3.7% compared to the last month. Average Sold Price in December 2013: $252,000. Up 32.6% compared to last month.


Homes for sale in Edgewood: Average For Sale Price December 2013: $509,000. Up 2.6% compared to the last month. Average Sold Price in December 2013: $348,000. Up 8.8% compared to last month.


Homes for sale in University Place: Average For Sale Price December 2013: $398,000. Up 4.5% compared to the last month. Average Sold Price in December 2013: $256,000. Down 7.6% compared to last month.


Homes for sale in Fircrest: Average For Sale Price December 2013: $278,000. No change compared to the last month. Average Sold Price in December 2013: $264,000. No sales last month to compare.


Homes for sale in Dupont: Average For Sale Price December 2013: $330,000. Up 1.9% compared to the last month. Average Sold Price in December 2013: $261,000. Down 3.7% compared to last month.


Homes for sale in Puyallup: Average For Sale Price December 2013: $294,000. Down 0.7% compared to the last month. Average Sold Price in December 2013: $251,000. Down 0.4% compared to last month.

253 Realty
Shawn Viguerie
9621 Golden Given Rd E
Tacoma, WA 98445
253-444-5190

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