Can You Buy a FSBO With a REALTOR®?

If you’ve spent more than a few days looking at homes for sale in Jasper and the surrounding communities, you’ve most likely seen at least a handful of houses listed as FSBO (that’s short for For Sale By Owner). But what if you’re working with a REALTOR® and you find a FSBO you really like – can you still buy it? This guide explains.

Before you read any farther, you should know that you should never buy a home without working with a buyer’s agent. Your REALTOR will be there to help you every step of the way – and they’ll save you a lot of time and money. That’s true whether you’re buying a FSBO home or one that’s on the conventional real estate market.

$785,000

410 Riverside Drive Jasper, Indiana

7 Beds 6 Baths 5,132 SqFt 1.13 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

$599,000

39 Hannah Lane Jasper, Indiana

4 Beds 4 Baths 4,834 SqFt 1.65 Acres

Listing courtesy of Nathan Hanselman from SELL4FREE-WELSH REALTY CORPORATION.

$569,700

4497 W Cypress Drive Jasper, Indiana

4 Beds 4 Baths 2,012 SqFt 0.52 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

$509,700

3289 St. Charles Street Jasper, Indiana

4 Beds 4 Baths 3,906 SqFt 0.595 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

$401,150

4801 N Portersville Road Jasper, Indiana

3 Beds 2 Baths 1,501 SqFt 1 Acres

Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.

$374,900

149 E State Road 56 Jasper, Indiana

4 Beds 2 Baths 3,527 SqFt 1.73 Acres

Listing courtesy of Opal Sermersheim from SELL4FREE-WELSH REALTY CORPORATION.

$349,700

464 Kluemper Road Jasper, Indiana

3 Beds 2 Baths 1,851 SqFt

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

$320,000

3255 E State Road 164 Jasper, Indiana

4 Beds 3 Baths 2,944 SqFt 1.02 Acres

Listing courtesy of BrendaKrempp from RE/MAX Local.

$289,700

4229 New Birch Drive Jasper, Indiana

3 Beds 2 Baths 1,429 SqFt 0.24 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

$274,000

4176 N Meadow Lark Lane Jasper, Indiana

4 Beds 1 Baths 1,450 SqFt 0.41 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

You have nothing to lose by working with a REALTOR to buy a FSBO home (or any home, for that matter). Sellers typically pay real estate agents’ commissions; buyers don’t. That means someone’s in your corner, helping you without costing you a dime.

But when it comes to FSBO homes, you need to know that many sellers take that route so that they don’t have to pay a real estate agent’s commission. And some REALTORS don’t want to work with FSBO sellers, because they often end up doing the work the seller’s agent would have done (if the seller had hired an agent, that is) as well as their own work.

Though some FSBO sellers don’t want to pay real estate commissions, some are happy to pay buyers’ agents for bringing them a sale. You should talk to the seller and find out whether they’re willing to pay your agent’s commission (or you can let your REALTOR handle it for you).

One thing to remember, though, is that you and the seller are liable for anything that goes wrong with the transaction. One of the main reasons people hire REALTORS is that there are so many legal forms that need to be filled out properly and filed; there are also precautions that agents take to protect their clients from unscrupulous parties and bad deals. If you’re going to buy a FSBO without a real estate agent on your side, you should hire a real estate attorney to help protect your interests. That way, you can at least keep yourself on the right side of the law.

Are You Thinking of Buying a Home in Dubois County?

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