In a for sale by owner, or FSBO, transaction, the owner of the property lists it for him, or herself. The seller will act without an agent. There are certain advantages and disadvantages to this approach. Many FSBO situations occur when the value of the house is so low that the seller does not want to lose any more of his value as when paying a commission. In these transactions, the seller has to be very careful to list the home at the right price. Too often, for sale by owner listings end up overshooting or undercutting the market. This can scare away buyers or lead to a situation where the seller gets a tremendously bad deal. This type of deal can be easier to pull off in some instances, however.
However…I showed a property today and after the showing I drove past a For Sale By Owner sign. I was immediately drawn to this property due to it’s curb side appeal. They say it only takes 8 seconds to to make a first impression on would-be buyers…and REALTORS. This property had me at 3 seconds. I made a U-Turn.
The flyer described a sprawling 2.16 acre parcel with two modular homes, a 4 car detached garage and 3-bay shop complete with pit and conduit for air and power. Security fencing surrounds the property. Landscaping is lush and watered from the private well. The pool was nestled behind the back unit where shade and mature redwood trees created an ambiance found in rustic retreats. All this an within a short drive to downtown Visalia! I called the number. After a short conversation the owners drove over, opened the private entrance and showed me the property. The front unit is a 1,440 Sq. Ft. Modular home with 2 bedrooms and two baths. The second home is 1,990 sq. ft. and boasts 3 bedrooms and 2 bathrooms, new carpet and floors and exterior deck going down.
Recently the owners lowered their price to $699,000. Please reach out to me if you are interested in seeing this beautiful property.