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Old 04-21-2018, 07:37 PM
 
399 posts, read 282,916 times
Reputation: 66

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Hello. Have family friend that might sell their home to me and my wife at a very good price. A few questions.


1. What normal fees would we be able to avoid if we eliminated the broker and used our won real estate attorneys? the only thing I can think of is the agent commission.
2. I would like to show him some comps of similar houses recently sold. What/where is the best way to get these?


Any other insight into this type of sale(without brokers) would be helpful. Thanks.
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Old 04-22-2018, 06:15 AM
 
739 posts, read 481,062 times
Reputation: 579
I bought my current home from someone I knew for a better price. You won't save any money on deemed and the seller will save the 4% realtor commission. You need a lawyer that's it. Go to mlsli.com and search the zip code you want there is an option for sold homes.
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Old 04-22-2018, 05:18 PM
 
145 posts, read 78,154 times
Reputation: 86
Quote:
Originally Posted by Mstrlucky74 View Post
Hello. Have family friend that might sell their home to me and my wife at a very good price. A few questions.


1. What normal fees would we be able to avoid if we eliminated the broker and used our won real estate attorneys? the only thing I can think of is the agent commission.
2. I would like to show him some comps of similar houses recently sold. What/where is the best way to get these?


Any other insight into this type of sale(without brokers) would be helpful. Thanks.
I bought an FSBO a few years ago, so itís a similar experience, I would imagine. Because we needed a mortgage, it was the same as any other sale...still needed an appraisal. We got a little bit better deal because the seller didnít have to pay real estate agent commissions.
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Old 04-22-2018, 05:20 PM
 
145 posts, read 78,154 times
Reputation: 86
And yes, MLSLI for recently sold comps
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Old 04-23-2018, 12:37 PM
 
Location: Kings Park & Jamesport
3,114 posts, read 8,495,148 times
Reputation: 980
I would suggest getting the property appraised, that way you have an idea what that particular property is worth....Appraisal fees are only $350-500

All the other fees stay the same, you are saving the agent fees.
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