For sale by owner question!

[Account Closed]

Hey! 

Just drove by a home with a for sale by owner sign and I’m wanting to do my first deal. What do you recommend as far as acquiring the property? Which method? It’s an early 1900-1950 home that will surely need some repairs and updates. Thanks!

[Jonathan Greene]

I mean there are hundreds of variables here. Most FSBOs right now are wildly overpriced (and some are even getting that price). What kind of property is it? Single, multi? What shape is it in overall? What's the price versus market price. FSBO is simple if you are buyer - call the number, set an appointment. Find out where they are going when they sell. If they don't have an answer they aren't properly motivated to sell to an investor yet. Build rapport, see if you can solve the reason they are selling if they have one.