Going FSBO in Kansas City . . . Does it make sense?

Going FSBO in Kansas City . . . Does it make sense?


Why do most FSBO's in Kansas City decide to sell FSBO? To save the commission.


Why do home buyers in Kansas City who buy a FSBO, decide to buy FSBO? To save the commission.


How can the FSBO and the FSBO buyer both decide to save the some money. Simply, they can't.


So it makes sense about the real estate information that Homegain.com just released from the months of research they just finished, that both the FSBO home seller and buyer can't save the some money and that nearly 90% of the real estate lawsuits in the USA involved no real estate agent in the transactions.


Makes sense to me. I spoke to two title company closers this morning about the information released and was surprised about their take of the information. One closer said that she will never close a FSBO real estate transaction with the buyer not being represented by a real estate agent. The other title company closer said that her title company charges FSBO's and unrepresented buyers a higher closing fee.


Both title company closers mentioned that disputes over interpretation of wording on the real estate contract come up when the settlement statement gets released.


Another problem, according to the title company closers, is known issues around the home do not get disclosed to the buyer. If the buyer and seller can't work out a remedy, the closers said that the buyers and sellers try to draw them in.


Both title company closers were not surprised that nearly 90% of the FSBO sellers and unrepresented buyers end up into a legal dispute. 


If you're thinking about either selling FSBO in Kansas City, I would suggest having an attorney draw up the real estate contract and disclosing all know material defects about your home.


If you're thinking about buying a Kansas City home without a real estate agent, I would suggest having an attorney review the real estate contact and having a seller's disclosure be an integral part of the real estate contract.


Need help or suggestions on how to stay out of a legal dispute? Contact the Dowell Taggart Team.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

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