Home Comps (real estate, broker, lawyer)

[Mstrlucky74]

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.

[gx89]

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.

[Vote4Summer]

Originally Posted by Mstrlucky74

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 it’s 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 didn’t have to pay real estate agent commissions.

[Vote4Summer]

And yes, MLSLI for recently sold comps

[Kbinspections]

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.