For Sale by Owner

Most of the Real Estate Guru programs talk, at least in part, about buying property FSBO. This works in Colorado and we will talk about why in the next few sessions.

I am going to be talking about For Sale by Owner Real Estate or FSBO as we Real Estate people call this part of the market. I am going to be looking at this from the standpoint of you, an investor, dealing with FSBO property owners to buy their property. I am not going to be talking at this time about selling your own property FSBO. This is almost always a mistake and this is why it is a great place to look for investment property.

I am going to be talking about FSBO Real Estate with a complete focus on Boulder County in Colorado. In a hot market, which Boulder isn't and hasn't been since 2001, different rules apply. But the rules that I am going to discuss are working here and now in Boulder County.

So, with that out of the way, how do you start to deal with FSBOs? Well, you start by becoming educated about the "true" value of properties in the areas that you are interested in. You need to know the "true" value because the people that you are dealing with, the owners of the property being sold FSBO almost never know what their property is really worth. Since you will almost certainly not be dealing with a Realtor when you are looking to buy a property being sold FSBO, you will need to pick up this market "true" value information yourself.

We will talk about beginning that process next time...Jack