Three situations where you may not need to work with an agent.
Did you know there are some circumstances when you may consider buying or selling a home without a real estate agent? Before I share these circumstances, let's first understand what a real estate agent does.
In a nutshell, they are licensed professionals who represent buyers and sellers in real estate transactions. They have access to valuable information and resources that are essential throughout the buying and selling processes. Think of a real estate agent as an expert, similar to an attorney or a doctor, who specializes in a field where you may not have much expertise. They can guide you, make the process easier, and ensure you avoid mistakes. However, there are a few situations where it might be acceptable to skip using a real estate agent.
1. Selling or buying within the family. In these cases, the focus is not on maximizing profit or getting the best deal, but rather on fairness and meeting everyone's needs. For such transactions, you can work directly with a real estate attorney for documentation, recommendations, and financing if necessary. I’m happy to recommend to you my preferred real estate attorney if you don’t have one already.
2. Landlord selling to a tenant. If you're a landlord selling to a tenant who is familiar with the property, you can proceed without a real estate agent. Hire an inspector, seek assistance from a lender for financing, and work with a closing attorney for necessary paperwork and filing.
3. Real estate agents themselves. If you are a licensed real estate agent, you may not require additional assistance from another agent to buy or sell your home.
For all other circumstances, it is recommended to consult with a real estate agent, such as myself or someone from our team. If this is something you’re interested in, call or email us anytime, and we would be happy to help you buy or sell a home.