Selling my home what if I am interested in a home that is for sale by owner. Do I need to involve my realtor?

A realtor will always tell you ';yes';, as they make money. The home will be a better price if you do a FSBO (For Sale By Owner). The realtor will charge them 6% of the sale price (usually). It give you a very good negotiating point. Just make sure that the home isn't over-priced to start with. FSBO homes can be homes that didn't sell with a realtor, as it was over priced and rotted on the market forever. Or, they owe more than the home is worth. Be careful, and you can make a very good deal if you do your homework.Selling my home what if I am interested in a home that is for sale by owner. Do I need to involve my realtor?
Absolutely not---your buying the home from the owner.. He has to pay the realtor the commission and he will not pay the fee...You need the mortage lender to cut the checks at closing...Selling my home what if I am interested in a home that is for sale by owner. Do I need to involve my realtor?
No you do not have to involve your realtor. Just make sure you understand the process of how it all works. It is not the same as being on the selling side, its quite different. If you put in an offer, make sure you read all the details in the contract that the seller is writing. Check for contingencies that state anything that would cause a delay such as ';Contingent upon ------------Could be several things so be aware. Also make sure you have a home inspection done so there are no surprises. This is an upfront cost but well worth it in the end.
Yes Definently get a licensed real estate agent and a real estate attorney involved.





good luck
i would talk to him, so you have someone who knows the ins and outs, in todays society, you cant be to careful!!!! good luck
a Realtor is there to protect your interest as a buyer or as an seller too. Because people don;t do this kind of transaction every day it is allways best to involve a realtor. especially if you are buying. You dont have to pay anything for it. If you are in florida, i will be more than happy to help u.


ok .


if you are a seller: there is a very small percent of people who would buy . It is about 4 %. we have the the buyers and the technology to advertise your property, besides that, how many open house would you host? before you call it quits? but try it , becase u will appreciate realtor after that.


GOOD LUCK GO AHEAD GIVE A TRY.


if you are a buyer in FSBO beware. U have No idea what else is involved. Therer could be easements on the propery or any other claims. Maybe not even one person owns it. how will you find out? amagine 2 years from now someone shows up and claims your home to theirs. What if they actually have the right for the house? are you going to go to street and live there? or you going to live with that person? think about it.You do not know what you are buying.
NO you do not have to involve the agent selling your home. He is there to sell your home. Of course he would LOVE to get the commission off a fisbo home, your Realtor is not the one that will save 5-6% on the price you pay. Get the attourney to draw up the paperwork, or you can download a simple purchase and sale off the net. I saved $25,000 by negotiating the sale price of our fisbo home, better in my pocket than theres.
If the owner gets contacted by a realtor on your behalf, they usually decline immediately, they are selling their home for themselves so they do not have to pay any commission to a realtor. You should contact the owner yourself about the price, history of the maintenance and upkeep, set up an appointment to discuss what his terms are. Like will he help with closing costs since he is selling it himself. Also you will need to contact, whomever you intend on getting your loan through, they will help and let you know what you will need, they have dealt with many FSBO before. Good Luck!!
No you don't HAVE to, but some FSBO do cooperate with Realtors and pay the Realtors commission to represent your interests.





There are some really whacked out answers on this post. Especially the guy that spells negotiating ';negoshating'; talking about 5-6 percent to the buyers agent. Typically it is 3 percent but that is subject to discussion.





The downside of FSBO is that they receive about 16% less than a Realtor, and the first thing buyers ask for is over 6% off the asking price for not using a Realtor.
Full disclosure: I have a real estate license.





No, you don't HAVE to involve your Realtor; however, if you have an exclusive buyer agency agreement, you may still be entitled to pay the Realtor a commission. Read the contract carefully.





Even though you may choose not to use your Realtor, I would recommend using him/her. If your Realtor's worth her weight in salt, she should be able to guide you smoothly through any potential problems that may occur. The average American buys a home every 5-7 years. Realtors are in the business of selling houses on a DAILY basis. Think about it. You can represent yourself in a court of law if you're convicted of murder. If you lose, you get the death penalty. Would you rely on your own skills and represent yourself because you know how, or would you get the best attorney you could to save your skin?





Think of buying a home in the same light. For most people, buying a home is their biggest investment, so you need adequate representation. The seller may NOT choose to pay the Realtor a commission. If not, YOU can pay the Realtor for his expertise. This commission can be factored into the mortgage if the home is sold with any equity. In today's buyer's market, this situation is highly likely.





The money you pay can be worth it when you think of the possible headaches you'll avoid. Good luck!
Gerald doesn't know what he's talking about. That much I am sure of.
You do not need to invoovle a realtor however you should defitnitely consult a real estate attorney and CPA. If you would like a free quote on your mortgage or want to speak to a mortgage consultant try www.restructureyourmortgage.com Best of luck.
If you're buying it's ok to involve your realtor since his commission will not come from your pocket, but it will come from the seller's realtor's commission - they split the commission off of the sale. So it will only benefit you to involve your realtor in your purchase so you have an agent on your side.
YES, definately involve your Realtor, even though you feel you may not need to. You are not protected if you don't. Check out FSBOgonewrong.com. If anything goes wrong in your transaction with a for sale by owner, then you are on your own, and I've seen a lot of deals experience even small problems that are no big deal for Realtors to fix. Your Realtor will ask the seller to pay for her commissions. Let your Realtor know you are interested in the house and they will set up the showing for you and take it from there. Trust me on this, ALWAYS ALWAYS use a Realtor. You most likely wouldn't go to court to represent yourself in a law suit, would you? No, you would use an attorney. Think of it like that.
you would be wise to. There are so many things that can go wrong, and an experienced Realtor can guide you through that. But, the owner would have to agree to a ';single party compensation'; agreement to pay the Realtor's commission otherwise he/she could not represent you.