Around here if you put a sign out that says "For Sale by Owner", no realtor will show it. Won't even mention it to buyers. You will be blackballed by the real estate community. I did this once and it was a disaster. Finally a realtor/client of mine told me what was going on. There are also a lot of expenses involved for a good realtor to sell a property. They advertise it, etc. A good realtor can save you a lot of time and money and risk.
Second thought. I have bought two farm properties in the past four years. One I paid cash but the larger of the two I gave a big down payment and persuaded the seller to take a land contract on the balance. While I understand there can be problems with these, just like there can be problems in every area of life, it is not necessarily a bad thing. On the first anniversary of our purchase, the seller called me on the phone and thanked me. My payments were 2.5 times the required payment and arrived on the same day every month. The 5% I was giving him was WAY more than he was earning at the bank. I hated to tell him the payments were automatically remitted by the bank computer every month, but either way...we both are happy with the deal.
Realtor commissions can be steep on vacant land. Be aware that if you negotiate the commission lower, this will be known to outside agents and they will show other properties before they show yours because the commission is higher. Your agent will likely spend less on ads, etc also. Make sure you ask more than you are willing to take and hopefully can offset some of the commission this way.
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Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
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