Question regarding for sale by owner

[Maegan Erb]

My husband and I are looking to purchase our first investment property. Found a small 2bd 1bath for sale by owner. The listing says, “Listed by owner, I don't need a realtor at this time, willing to work with your realtor for a negotiated fee.”

What are the potential drawbacks or advantages here?

[Carl C.]

All three of our properties have been FSBO just by chance. Advantages are potentially saving a little bit on price since the owner won't need to pay the typical 6% to the brokers. Downside is you may need a little more guidance from an attorney to navigate you through the purchase process. It isn't rocket science though, don't be afraid to proceed with an FSBO if you find a good deal.