Re: OT - For John T

Posted by Brokenwrench on October 04, 2006 at 07:10:10 from (66.222.0.3):

In Reply to: OT - For John T posted by GeorgeH on October 04, 2006 at 06:50:27:

I ain`t John T, nor am I a lawyer but..
I think the implication is that the property isn`t listed with a realitor. The owner is selling it on their own.
When I was looking at places for sale, the benefit was that the seller or the buyer wasn`t paying any commission fees.
You still had to have all the title checks, sewer and well certifications, and closings done.
You needed to get a lawyer to do all this.
So there were still fees involved, plus the hassle of setting it all up yourself instead of your realitor coordinating all of it.

There`s a couple of guys in our area that buy alot of properties, fix em up alittle and then resell them. They are always for sale by owner.
I suppose they`ve done it so many times they have learned all the ins and outs.
Someone will correct me if I got it wrong.

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