Buying Preparation

Making the Decision to Buy An OwnerList.com Home

The motivation to buy a home directly from a homeowner can save you thousands of dollars.  To effectively compete, a seller will price a home at, or slightly below the market value of the home.  The seller is aware that he/she has anywhere from three to seven percent "negotiating room" because a full commission will not be paid on the transaction.  Sellers can arrange for neutral third-party brokers, called Transaction Brokers, to help with the details and assist both themselves and their buyers in completing the contract and dealing with the necessary paperwork. Since this can be done at a fraction of the full commission cost, more dollars can filter through to the transaction. In viewing property ads on this site, look for this symbol to identify properties where the seller has arranged for a Transaction Broker

It is in the sellers best interest to sell via OwnerList.com because he/she can sell faster (because the home should be more competitively priced than those listed or sold by full priced real estate agencies) and ultimately net more from the sale.  Sound confusing?  It's really not.  Take the example of a $200,000 home.  Assume a full service agency commission for the sale is seven percent, or $14,000.  In this scenario, the seller will only net $186,000 from the sale.  If the seller sells on his own, then the price can be significantly lowered by several thousands of dollars, say to $195,000 and the seller benefits by $9,000 (the difference between the $195,000 sales price and the $186,000 net proceeds if listed with a full service agent).  The buyer benefits by $5,000 because the purchase price was $5,000 less.  It’s a win-win situation for both buyer and seller.  Both benefited financially and more than likely, the home was on the market for a shorter period of time.

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