Strategies and understanding for sale by owner opportunities

[Duane Ward]

As we're looking in our market, we're finding more owners selling currently in our area than pre-covid.

1. What might that indicate in the current climate?

2. Are there any advantages/disadvantages to buying directly from the owner?

3. Can you still have agent representation on your end?

[Amy Raye Rogers]

1. Not sure yet.

2. Disadvantages: 1) They tend to over price, not under price, 2) They tend to be difficult to negotiate with and the process can be clunky

3. Yes, but it's up to the seller if they will pay a buyers agent commission.  Most will.  Some Realtors avoid buy owners because it's more work to guide the transaction through.  If it's a great fit for a client, I don't shy away from them.  However, I recommend using a sharp agent if you can find one to represent you. They can protect you from many potential pitfalls in negotiations.