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Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Andrew S.
  • Washington, DC
1
Votes |
12
Posts

Is a FSBO priced at 6% below appraisal essentially break-even?

Andrew S.
  • Washington, DC
Posted

I am considering purchasing the rental we have lived in for the last few years. In order to save on realtor fees, the owner is willing to knock off the 6% realtor fees from the appraisal price. Are there any advantages to this deal in the short term or just in the long-term if there is appreciation? B/c unless I'm misunderstanding, if I needed to sell in a year or two, I'd need to jack the price up by 6% to clear what I put into the home, right? Sorry for the obvious question!

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