Thinking About Buying A Home For Sale by Owner?  

Buying a home is an arduous process filled with hurdles and red tape. In addition to coordinating the shuffle of paperwork to lenders, title companies and scheduling inspections, there are added financial implications that could cost you a large sum of money and legal headaches if a real estate transaction is not executed properly. Many buyers seek to purchase a home that is For Sale by Owner without the assistance of a REALTOR®.  because they think it will save them money, but when they understand how an agent earns their commission and the value they bring to a real estate transaction, you will see that this is not true.  If a FSBO is willing to work with an agent and pay the agent a commission, then there will be no additional costs to a buyer.  However, if  the FSBO does not wish to work with an agent, then you will be asked to pay a fee to your buyer’s agent.  This fee should be disclosed up front before you sign a buyer’s agency agreement.  Either way, your agent should receive compensation for their services, and after comparing the small upside cost of paying a REALTOR for their services, versus the large downside of risks, it would be less than wise to consider a deal in real estate without the professional assistance of a REALTOR.  If a seller refuses to have an agent involved in the transaction at all, you should run!  This is a red flag and you should ask yourself what is the seller trying to hide.

Why Do You Need a REALTOR?
Not all real estate agents are equal. Only a real estate agent who belongs t
o the nationwide real estate trade association, NATIONAL 
ASSOCIATION of REALTORS®, can call themselves a REALTOR. REALTORS are committed to adhere to a strict Code of Ethics based on treating all parties to a transaction honestly and are expected to maintain a higher level of knowledge of selling and buying real estate through regular continuing education courses. Here are some good reasons why you need a REALTOR:


REALTOR can help you find a home faster because they have access to thousands of homes for sale via the local MLS.

 REALTOR will show you homes in neighborhoods that fit your needs and never try to steer you to different areas.

 A REALTOR will guide you step-by-step through the home buying process, from showings and contract submission, to negotiations and closing.

 Employing the expertise of a REALTOR gives a buyer peace of mind knowing their agent will keep them informed of contractual contingency deadlines and agreements.

 A REALTOR gives a buyer added protection against sellers who have less than good and honest intentions.

 buyer who employs the professional assistance of a REALTOR can help lower the risks involved in a real estate transaction through guidance.

 REALTORS have added access to a variety of informational and networking resources from home inspections and repairs to neighborhood real estate market statistics.

 You will have more time to concentrate on other aspects of moving when a REALTOR takes care of coordinating with all respective agencies to bring your home purchase to a successful close.

Buying a home is a big financial and legal risk for both seller and buyer. Today, most homes cost more than $150,000. If you had a $150,000 legal question, would you not employ the help of an attorney? Or, if you had a $150,000 income tax problem, would you try to solve it without an accountant?  Of course not, then why purchase a home without the help of an expert?  A REALTOR knows the process and is your best resource for help.  If you’re in the market to buy, we’d love the opportunity to assist. 

FALSE:  A buyer will save money purchasing a home directly from a seller.

TRUTH:  This is a very common misconception.  Less than 1% of homes are sold as FSBOs.  In fact, not using a professional in a real estate transaction will cost you money without the guidance of a REALTOR, and over 90% of FSBOs end up listing with a REALTOR anyway!

P.O. Box 26, Cottleville, MO  63338
Office/Cell:  636-346-6344

 All information contained herein is not guaranteed and is subject to verification.

Entering into a real estate transaction has legal consequences.
Realtors® are not attorneys.  If you do not understand the consequences associated with

a real estate transaction, you should consult your attorney.