Idaho Falls, ID · Member since 2016 · 23 posts · 6 votes
I drove around my neighborhood and found a few properties that are FSBO. I have reached out to all of them and so far only one has called me back. I am going tomorrow to view the property but I just wanted some clarification. Does a FSBO use a realtor? and how much information or what/how specific should I be to get a good solid set of numbers for a calculation. I want to do the math exercise and so I guess I am asking if anyone with a little experience can guide me to what to ask and how to figure it in to see if it is a DEAL or NO DEAL. Thanks. I have tried tweaking the numbers for a flip vs a keep and hold rental and just kinda stuck a bit in analysis paralysis.
Real Estate Agent · Garden City, NY · Member since 2016 · 3k+ posts · 1k+ votes
9y
For Sale By Owner inherently means the owner is selling it themselves. When you get there, if they know what they are doing, the owner should have a data sheet on monthly expenses (heat, electric, water, sewer). Then you can use those numbers to shore up your calculations. When you're touring the property, keep a keen eye open for potential repairs needed. Ask them why they are moving, it will help to gauge if they are serious or not.