Top reasons to avoid for sale by owner deal in Red Deer AB
For sale by owners are usually on “fishing expeditions” …seeing if it will sell at an inflated price. One of the main reasons why it’s well worth avoiding trying to purchase a property directly from a homeowner is that a high percentage of homeowners who attempt to sell properties for a higher price than the market value.
As property owners have less experience in the property market and don’t have experience selling Red Deer Country properties. Whereas experienced local realtors, have sold hundreds of properties and know the market value from historical data realistically pricing properties. So if you want to pay a fair price for real estate in Red Deer, you’re far better off dealing with a realtor, than a private homeowner.
Negotiated a Red Deer for sale by owner deal
Another reason why it’s well worth avoiding purchasing property directly from homeowners is that it can be extremely tricky to negotiate deals with a homeowner. Home owners have emotional ties to the property and take the geogiation proces personally. As an example, if you want to offer a lower price than a homeowner would like, due to the fact that their home may need major renovations, you may feel uncomfortable telling a homeowner that their home requires an overhaul. In fact, if you are honest about the renovations which a home may require, the homeowner may be so offended, that they may refuse to sell you their property. Whereas if you make an offer on a home through a real estate agent, you won’t have to worry about offending the owner of the property which you’re interested in purchasing. As your realtor will act as the middleman between yourself and the current owner of the property, and negotiate the deal without emotional ties.