If you have your heart set on a house for sale by owner and you want your real estate agent to help you purchase the home, relax. Real estate agents work with FSBO sellers all the time. An agent will guide you in making the home your own. A good realtor will help determine a fair offer, negotiate with the seller, and handle legal and financial documents properly including:
Disclosures: FSBO sellers may not disclose everything they need to because they don’t know they should. Or they may be covering up the defects. Regardless, a good realtor guides buyers about uncovering major issues like mold, leaky basements, and outdated electrical systems.
Purchasing agreements: A seller’s listing agent usually drafts the contract between the buyer and seller. When the seller does not have a real estate agent, the buyer's agent prepares the contract.
Earnest money: Inexperienced sellers may ask a buyer to deliver the earnest money directly to them. This is never a good idea. Real estate agencies have established escrow accounts and can handle holding the funds.
At Berkshire Hathaway HomeServices Select Properties, we have a team of experienced real estate agents who can help you navigate the complexities of buying an FSBO property. Our agents know St. Louis real estate and can provide personalized guidance throughout your home-buying process.
Whether buying an FSBO property or working with a seller's agent, a good realtor can make all the difference. Contact us today online or by calling 314-835-6000.
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