'For Sale By Owner' has the lure of saving commissions. Sellers can place their own sign in the yard and list their home on internet sites. Buyers have the option of peering inside through those internet sites and deciding on which houses interest them most before making that call. You can even download contracts for your personal use. But before venturing out on your own, you might want to give some serious thought to the risks. There are more than a few dangers hidden behind the enticement.

It's unfortunate, but there has been an increase in the number of claims in residential transactions. Buyers and Sellers alike are probably not going to be aware of the many legal issues involved and this lack of knowledge can end up costing much more than a commission. All it takes is a simple misunderstanding or mistake in drafting the contract.

The dangers increase when the deal includes assuming a loan or agreeing to a 'carry-back' note. Failure to disclose previous repairs, damages or even the presence of mold, can lead to a less than satisfying experience, to say the least. Liens against the property can become the buyer's responsibility if not taken care of at or before the closing. Add to that the fact that Buyers will want to offer less and Sellers may or may not provide accurate information on a home's condition.

The experience of your professional Real Estate representative can help minimize these risks. It's important to know what to look for and how to prevent a problem before it occurs. That is a nearly impossible task to assign to someone who has little or no previous real estate dealings. With an organized community of experts to call upon and an eye for detail, your agent can guide you through the process and make it a win-win for all. Now, isn't that a good deal?

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