FSBO Townhouses for Sale: How to Buy Without a Real Estate Agent

Drew Trombley

15 Feb 2025 — 2 min read

Why Consider Buying a Townhouse FSBO?

Buying a For Sale By Owner (FSBO) townhouse can be a great way to save money and negotiate directly with the seller. Since no real estate agent is involved, both the buyer and seller can avoid commission fees, potentially leading to a better deal for both parties.

However, purchasing an FSBO property comes with unique challenges. This guide will walk you through the process and provide expert tips on securing the best deal.

1. Finding FSBO Townhouses for Sale

Best Platforms to Search for FSBO Listings

Houzeo & FSBO.com – Dedicated platforms for FSBO properties.
Craigslist & Facebook Marketplace – Private sellers often list townhouses here.
Local Classified Ads & Community Boards – Check newspapers and bulletin boards.
Driving Through Neighborhoods – Look for "For Sale by Owner" signs.

2. How to Evaluate an FSBO Townhouse

What to Look For

Home Inspection Reports – Request a recent inspection or hire your own inspector.
HOA Fees & Rules – Check for hidden costs and community restrictions.
Comparative Market Analysis (CMA) – Ensure the asking price aligns with market trends.
Title Search – Verify there are no liens or legal issues tied to the property.

Negotiation Tips

Know the Market – Research recent townhouse sales in the area.
Get Pre-Approved – A pre-approval letter makes your offer stronger.
Ask for Seller Concessions – Request closing cost coverage or home repairs.

3. Handling Paperwork Without an Agent

Essential Documents

Purchase Agreement – Outlines sale terms, contingencies, and closing details.
Seller Disclosures – Lists known defects and potential issues.
Title & Deed Transfer – Ensures legal property ownership change.
Mortgage & Financing Paperwork – Required for lender approval.

Should You Hire a Real Estate Attorney?

While not required in all states, a real estate attorney can ensure all paperwork is legally sound.
An attorney can review contracts, conduct title searches, and facilitate closing.

4. Closing on an FSBO Townhouse

Closing Costs to Budget For

Title Insurance – Protects against ownership disputes.
Home Appraisal – Required for financing.
Escrow Fees – Covers third-party handling of transaction funds.
Property Taxes & HOA Fees – Often prorated at closing.

Final Walkthrough Checklist

Ensure all agreed-upon repairs are completed.
Check for any undisclosed damages.
Confirm all keys, remotes, and access codes are available.

Final Thoughts: Is Buying an FSBO Townhouse Right for You?

Purchasing a townhouse directly from an owner can be a cost-effective and rewarding experience—but only if you do your homework. By researching the market, verifying legal paperwork, and negotiating wisely, you can successfully buy an FSBO townhouse without a real estate agent.

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