For Sale by Owner Tips

Video Transcript

On behalf of Expert Village, this is Dan Kelly with Keller Williams Realty here in Miami Shores, Florida. I'm with the Kelly White Team, and today we're going to tell you how to buy a house. Okay, when you start your search for your home, you're going to see a lot of these signs in the front yard that say for sale by owner. Now, as a realtor, that makes me go Ahh! But there is something to be said about them. For sale by owner, sometimes you can get a deal because a lot of these sellers actually under price their homes, so some of the things to look for with the for sale by owner is go ahead and call, make an appointment. Usually bring someone with you for the appointment just to be on the safe side. If you get down to the negotiation and contracts, always hire a real estate lawyer. It's going to cost you around $500, but trust me that is going to be $500 well spent. He'll guide you through all the pitfalls of the contract to make sure he's protecting your side. Also, when you put a deposit, never give the deposit directly to the owner. Make sure that's held in escrow at the title company or with the lawyer.

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