First-time homebuyers are required to shell out a significant amount of funds for the down payment and closing costs. Moreover, there are instances when homebuyers need to pay for additional services to ensure that they’re making the right decision to buy a home. A home inspection, for example, is an important part of the homebuying process that every homebuyer should prioritize, especially when buying an older home.
Every so often there’s a home on the market that’s for sale by its owner. Usually, it’s because the seller wants to try their luck without an agent. These types of listings can still offer great deals, but they also come with some nuances. Here’s what you should know about a home that’s for sale by owner.