First potential FSBO Purchase

[Doug Phillips]

Hi all,

Awhile back, my business partner had the great idea of creating a monthly sort of newsletter so to speak of what was going on with a property we purchased back in February.  Once we were adding value and making repairs and updates, we would mail out and let all the owners on our street know that we were new to the street, what was going on with the building, and drop that we were always looking to buy if anyone ever needed to sell.

That paid off this weekend as we found a motivated seller on the street. We want to save the owner the process and money of using realtors, so we are going the FSBO route. Both of us have never purchased this way, so we were looking for any advice or feedback anyone may have as we prepare to go through this process.

Thanks!