Selling a property by the owner can be a harrowing experience. The process of selling by owner is not easy, especially if he has not done it before. In today’s market, it’s more stressful than ever to sell a home fast. Most FSBO home sellers are having some degree of difficulty making their monthly mortgage payments. Even if you are very anxious to sell your house quickly, you should be cautious. If you sign a bill of sale with the wrong buyer, you’ll be in a worse position than if you had done nothing. You do not want to trust everyone who expresses an interest in your property for sale. In fact, it’s wiser not to trust anyone until they prove they deserve to be trusted. It’s also smart to hire a lawyer to look over everything for you and give you good advice on offer and sale contracts. If you’re very aware of your buyer’s moves, you should be able to spot some danger signs before they become a problem.

Top 5 Warning Signs You Have an Untrustworthy Buyer Don’t trust a buyer:

1. Who wants to make buying their home contingent on selling their old home first?
2. Who wants to put a very small deposit?
3. Who wants you to finance their purchase so they don’t have to apply for a loan?
4. Who has not been pre-approved for a home loan
5. That includes many other contingencies in the sales contract that allows them to back out of the deal.

Selling your home quickly at a good price is your number one goal. Make sure your #2 goal is to keep an eye out for shady buyers so they don’t blow the whole deal.