Buying a house for sale by owner?

I know the owner, they are the relative of the previous homeowner who passed away and just want to sell the house quickly so they aren't using an agent. Should I still use a buyers agent and do I even have a choice if the agent in question has already showed me other properties or do I have to use them now?Buying a house for sale by owner?
well to use an agent will cost you 3.5%. so it is up to you if you think you get enough for that price. Most people would not use an agent when buying FSBO.





if you have signed an agreement with real estate agent then you have to pay them a commission if you buy home before agreement expires. if no agreement then you do not have to use them.





this is a tough buy. Most FSBO's ask too much so be careful. Their asking price is often times 10-15% too high.





A good strategy is to wait 30 days and then ask to see it. By then reality will be settling on what true value is. When FSBO's first go up for sale they always think home is worth more than it is. Only time educates them.Buying a house for sale by owner?
No on the agent. Instead hire a real estate lawyer to ensure your rights are protected.
It's always wise to use an agent. As far as the agent in question has already showed me other properties has nothing to do with this property. You don't have to use an agent but who is looking after the contract?
I would recommend getting a professional to help you. Either a Real Estate Agent or a Real Estate Attorney, which ever you prefer. I would recommend you approach as if you had no previous relation ship with the owner and no knowledge of the house. You need to take care of yourself, buying a house is a huge investment and should never be taken lightly.
You should have your own representative (Realtor) when buying a home. If you did not sign a Agency Disclosure Form with your present agent, then you are free to choose another.





If you want this FSBO property, then ask your agent to talk to the owner about giving them a commission (3%). If the owner agrees, then you don't have to pay the agent. If the owner disagrees then pay the agent. Its a small price to pay if you do not know how to complete the many contracts and disclosure statements required in a real estate transaction.





Unrepresented buyers and sellers often do not understand the complexity, range and timing of tasks they will have to perform if they don鈥檛 use a Realtor.

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