I want to place an offer on a house without an agent how do I do it?

Question

I found a nice house on the internet and I want to place an offer on it myself (without an agent) because agents commission is included in the home value. How do I place the offer independently without an agent?

Thanks!

Answer 1

the "home value" does not include the agents commissions! the home price does though. the house still has to appraise for what you buying it for or you can't get financing.
and what do you think you are going to do? the seller is already in contract with an agent so they have to pay whether you have a agent or not. typically if you go through the listing agent the you can sometimes take off 2 - 3% percent of the sells price because they do not have to pay a sells agent that would normally be representing you. by not having an agent look over you contract you could end up spending more money in the long run. which is what i hope happens to you. an attorny is going to cost you money. a real estate agent (when buying a home) doesn't cost you anything.

just go find a for sell by owner and do it that way. maybe you can find a house with termites.

Answer 2

If it is listed as FSBO , then they are not with an agent and you can just make an offer .
You do not need a buyer's agent (although they do NOT alter the selling price - the agents just split the 6% instead of 1 agent getting it all ) .
You do need a home inspection tho , unless you are a contrstruction professional knowledgeable in electrical , plumbing , framing et all .

If the seller already has a contract (the house is on the MLS ) with an agent ,
Then it would be illegal to circumvent that contract .
The seller hired them to do work and they have done it ,
Their price is part of the sales price regardless .
Also , were a sale to proceed , trying to get around their agent , the sale would be noticed and you could end up being sued .

Answer 3

If there is an agent working for the sellers of this property it may be possible for them to assist you with the paperwork of making an offer on a ministerial basis. They will not be able to give you advice or represent you in any way and you will likely have to sign a notice of no representation.

I would suggest that you consider hiring an attorney to look over the contract before you make an offer.

Eric
http://www.illinoislandandhomes.com

Answer 4

If its listed then you cant. The seller has a legal obligation to pay the agent if it sells, so either way he is paying. He hired an agent so he wouldn't have to go through the fsbo B.S. so what makes you think he wants to do this? The agent does his job and now you want to avoid him getting paid. You must be a real low life.

Answer 5

You want to go around the R.E. Broker and deny them their ability to make a living even though he did his job!

You found the property through a R.E. Broker and you owe the person his commission and what you are doing just shows a lack of morals and poor upbringing!

I guess you won't be picking my answer as the winner huh?

Most likely the person signed an exclusive listing with an agent and will be due a commission anyway!

Worst of luck to you creep!

Answer 6

If you are smart you pay an Atty around 500 to help you draw up your offer and then to make sure that the contract says what you want it to when you get it back.

Honestly if you can not afford to protect your purchase by spending the 500 then you chould not be buying a house.

There are a myriad of things including contingencies that must be built into the contract to protect you.

Added

A seller's agent is NOT looking out for you.

Answer 7

You can get the offer papers from the sellers agent and they can sometimes help.