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Answers (14)
- Jessica Nooney, "Jessica E. Nooney"
- Contributions:90
You can approach the Seller to see if they would be willing to pay commission to your agent, who would be acting on your behalf as a Buyer's Agent. Purchasing a home is such an emotional process. It is nice to have a mediator to coordinate and negotiate all of the details on your behalf. However, a local real estate attorney could prepare and process the transaction, if you wanted to remain unrepresented.
I have had clients purchase FSBO properties before, and I simply went to the homeowner and made arrangements directly with them for a one time showing and commission - if things progressed to that point. Most FSBOs are willing to work with a Buyer who is represented.
Best of luck!
Jessica Nooney
Weichert, Realtors
I have had clients purchase FSBO properties before, and I simply went to the homeowner and made arrangements directly with them for a one time showing and commission - if things progressed to that point. Most FSBOs are willing to work with a Buyer who is represented.
Best of luck!
Jessica Nooney
Weichert, Realtors
- ConnieK_Oklahoma
- Contributions:2899
Chances are there is a Realtor or attorney that will process the transaction for you for a minimal fee if the seller will agree to pay it. not a percent commission but a paperwork fee. Maybe the seller has one in mind- you can contact them or contact one yourself and have them visit with the seller.
you can always get a fill in the blank contract- that's not really what Realtors get paid for, they get paid for dealing with the issues or preventing issues that could arise and for all the peripherals that go with the transaction. If you feel comfortable doing it yourself just contact your real estate commission for a blank form.- maybe pay a few dollars to a Real EState agent or attorney to give you some advice. (problem with that is if they have no skin in the game and the advice is bad...not sure it will be obvious to you until too late.)
- Scott Connors, "Scott Connors"
- Contributions:22
A Realtor's fee is typically paid by the seller, so it shouldn't cost you anything to have professional representation. If you spent the same amount of time around real estate that we do, you would see the many issues that can arise in a typical transaction. We're trained to navigate through those issues so that you ultimately end up with the home you are hoping for.
Having said that, if you decide to proceed on your own, I'll be happy to recommend a local attorney who could handle the title work. Feel free to contact me.
Having said that, if you decide to proceed on your own, I'll be happy to recommend a local attorney who could handle the title work. Feel free to contact me.
- Bo Markovich, "Bo Markovich"
- Contributions:10
You should hire a good Real Estate attorney to handle the process for you. Doing it yourself having never done it before can cost you a lot at the end. Just think about it... if you were involved in a litigation for the same amount of $$$ as what you are looking to put on a line for your home, would you dare represent yourself in a Court of law? Yes, its not the same as buying a house, but there are many pitfalls that can ruin you financially if you are not experienced enough to represent yourself. (Not to mention your deposit money that is on the line if you are in breach of contract)
But, I'm curious.. how much does it cost you to hire a realtor?
Good luck and I hope you know what you are doing. Bo Markovich
But, I'm curious.. how much does it cost you to hire a realtor?
Good luck and I hope you know what you are doing. Bo Markovich
- Aaron Glassman, "Aaron Glassman"
- Contributions:46
Being the owner of a title company and the husband of a real estate attorney, I've seen several For Sale Buy Owner deals come through our door.
Typically when two parties are involved in a real estate transaction without a Realtor, then the counsel of a Real Estate attorney is highly advised and can be vital to the success of the deal. Each party should have their own lawyers do the negotiating for them.
Sometimes the seller already has a contract pre-prepared. Your best best then, is to obviously take it to your attorney to discuss the terms and conditions before you sign it
If the seller says to make an offer, then call your attorney and ask them to prepare a contract for you.
We sometimes get buyers who just want us to prepare a contract for them without being legally represented. In that case our title company basically fills in the blanks based on the criteria of the buyer.
My wife, though, typically ends up representing most of those types of buyers anyways.
In some cases, my wife has saved her clients thousands of dollars. If you're going it alone, without the help of a Realtor, then it pays to hire an real estate attorney to be on your side.
That's my answer.
Now my wife, who is happens ot be lying right next to me, simply says to call a real estate attorney.
.
Hope that helps!
Aaron Glassman
[Link removed by moderator]
Typically when two parties are involved in a real estate transaction without a Realtor, then the counsel of a Real Estate attorney is highly advised and can be vital to the success of the deal. Each party should have their own lawyers do the negotiating for them.
Sometimes the seller already has a contract pre-prepared. Your best best then, is to obviously take it to your attorney to discuss the terms and conditions before you sign it
If the seller says to make an offer, then call your attorney and ask them to prepare a contract for you.
We sometimes get buyers who just want us to prepare a contract for them without being legally represented. In that case our title company basically fills in the blanks based on the criteria of the buyer.
My wife, though, typically ends up representing most of those types of buyers anyways.
In some cases, my wife has saved her clients thousands of dollars. If you're going it alone, without the help of a Realtor, then it pays to hire an real estate attorney to be on your side.
That's my answer.
Now my wife, who is happens ot be lying right next to me, simply says to call a real estate attorney.
.
Hope that helps!
Aaron Glassman
[Link removed by moderator]
- Michael Smith, "MichaelSmithGroup"
- Contributions:21
I strongly recommend that you partner with an experienced Realtor and title company. Yes, an attorney can draft the purchase agreement but one or both parties to the transaction may not agree to this as the attorney has a fiduciary duty to the party hiring him/her to protect the rights of their client. In MN, a Broker and the agent working on behalf of the Broker, may act as a facilitator. In this role, the Broker and agent do not represent either party. They simply facilitate the transaction to assist it to reaching a successful close of escrow. Their fee is typically paid by the seller.
most local real estate associations will sell you the same contract forms that agents use. Check with yours to see if that is the case. Then, you can likely find an attorney or an agent who will help you with just the contracts for a set fee if you need the assistance. Best of luck on your purchase.
- Bibi Hakim, "rabeeda"
- Contributions:1
you can contact the seller directly and negotiate your contract yourself.
if youre not familiar or need help negotiating consult a realtor.
if youre not familiar or need help negotiating consult a realtor.
- Jen Bowman, "JenBowman"
- Contributions:324
Many For Sale by Owners will work with an agent representing a buyer. It helps the process go smoother. I would suggest asking and then having an agent represent you. We typically get paid by the seller. The legal part isn't about having an agent. An attorney can write the contract. Just be sure to get your inspections, surveys and title insurance and make sure that the attorney is representing you.
- Ofe Polack, "Ofe Polack"
- Contributions:1418
I remember when I had my first baby.....I have read a lot about it but did not really knew what to expect. Same with real estate, you can read all you want to, but for the first time buyer I would recommend that you take advantage of a realtor. A buyer agent, can assist you with offer by preparing a legal binding document for you, will negotiate on your behalf, follow up with the home inspection and the loan. I am not too sure, beside writing the offer what else can a real estate attorney do for you. Sincerely, call a buyer agent!!!
- John Stewart, "nwhome.us"
- Contributions:2165
A Realtor is a member of the National Association of Realtors; a trade organization.
A licensed real estate agent or broker is licensed by the state that they practice in.
An agent or broker is not necessarily a Realtor.
A licensed real estate agent or broker is licensed by the state that they practice in.
An agent or broker is not necessarily a Realtor.
- Michael Emery, "MikeEmery"
- Contributions:7298
A real estate attorney can write the purchase agreement and set up escrow. There are also real estate agents who will do the work for a flat fee, but they won't be able to provide any legal advice.
A word of caution about FSBO's. They sometimes can be overvalued by their owners, so run the numbers before presenting an offer.
A word of caution about FSBO's. They sometimes can be overvalued by their owners, so run the numbers before presenting an offer.
- Colleen Pye, "ColleenPye"
- Contributions:1127
Proceed with CAUTION... make sure you are using a reputable title company. Find a realtor... someone will be able to help you... it is well worth it for you to pay a little to them. We really do a lot more than SHUFFLE people in cars. There are many things to consider when buying a home.. a realtor has the future in mind... and not just the here and now. Best of luck
- wetdawgs
- Contributions:26826
Real estate attorney
How do you purchase a for sale by owner home without realtors?
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