Guide to Buying a FSBO in Knoxville

If you’re like many people, you’ve seen homes around Knoxville listed as “for sale by owner,” or FSBO. But can you buy these houses, and how does it all work? This guide explains. 

Guide to Buying a FSBO in Knoxville

Buying a home that’s listed as for sale by owner is a little different from buying one that’s listed by a real estate agent – but that doesn’t necessarily mean that you shouldn’t do it. However, there are a few caveats to that. Before you attempt to buy a FSBO, you should:

If you want to buy a FSBO home in Knoxville, here’s how to go about it:

  1. Get preapproval for a mortgage.
  2. Tour the home extensively and look for problems yourself.
  3. Compare the home to others that are currently listed for sale in the same area; this will give you an idea of whether the home is fairly priced.
  4. Make an offer.
  5. Have the home inspected by a professional.

It is absolutely in your best interested to be represented every step of the way. Your real estate agent will build clauses into your purchase contract that will let you back out of the deal if you can’t secure financing, if the home has big issues that you don’t want to deal with, or something else goes wrong. You do not want to buy a home without having an experienced professional on your side!

Are You Buying a Home in Knoxville?

If you’re ready to buy a home in Knoxville, I’ll help you find one that’s perfect for your needs. Call me at 865-368-5150 now and let’s talk.

While you’re here, use this Knoxville home search – you can see listings instantly! You can also look at:

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