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Old 04-05-2021, 11:18 AM
 
Location: Idaho
147 posts, read 116,668 times
Reputation: 128

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Hi, I wonder is it possible to sell my house without help of any agents? I may have a potential buyer who also does not need an agent.
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Old 04-05-2021, 11:19 AM
 
Location: Cary, NC
37,566 posts, read 65,132,296 times
Reputation: 37902
Sure. You can do it.
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Old 04-05-2021, 11:23 AM
 
Location: Ocala, FL
4,643 posts, read 7,455,818 times
Reputation: 4769
Absolutely you can sell without an agent or an attorney as a For Sale by Owner. I do recommend to close at a local title agency. I bought and sold my first home without a Realtor a few years before getting a Realtor license (no longer practicing by choice).
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Old 04-05-2021, 01:39 PM
 
Location: Idaho
147 posts, read 116,668 times
Reputation: 128
Quote:
Originally Posted by dontaskwhy View Post
Absolutely you can sell without an agent or an attorney as a For Sale by Owner. I do recommend to close at a local title agency. I bought and sold my first home without a Realtor a few years before getting a Realtor license (no longer practicing by choice).
Thank you!
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Old 04-06-2021, 07:26 AM
 
Location: Columbia, SC
9,911 posts, read 19,453,284 times
Reputation: 8250
Law dictates you much use an agent and pay 6% or more! Nah, just kidding since your question was addressed correctly by the other posters. Good luck with your sale.
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Old 04-06-2021, 07:37 AM
 
Location: Not the end of the Earth, but I can see it from here
4,597 posts, read 4,816,333 times
Reputation: 5009
Quote:
Originally Posted by Natalijaasbj View Post
Hi, I wonder is it possible to sell my house without help of any agents? I may have a potential buyer who also does not need an agent.
Find a reputable real estate attorney to draw up the papers and arrange the closing. It's a fairly simple process for them if you've got two willing parties with everything sorted out in advance.

I've done it several times and it's pretty straightforward.

RM
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Old 04-06-2021, 08:40 AM
 
Location: Phoenix, AZ
3,471 posts, read 1,792,995 times
Reputation: 9163
Quote:
Originally Posted by Natalijaasbj View Post
Hi, I wonder is it possible to sell my house without help of any agents? I may have a potential buyer who also does not need an agent.

Go for it. I've done it quite a few times. Google Idaho real estate purchase contract and you'll find samples that you can use. Do a little more googling to see what else is necessary for a real estate transaction in Idaho. Use an escrow/title company for the documents, funds, and deed.


If you aren't comfortable with all that there are probably flat fee services that can help you through it.
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Old 04-06-2021, 09:20 AM
 
9,061 posts, read 13,111,683 times
Reputation: 22051
Quote:
Originally Posted by Natalijaasbj View Post
Hi, I wonder is it possible to sell my house without help of any agents? I may have a potential buyer who also does not need an agent.
Isn't this exactly what you've been trying to do for the past two weeks?

https://www.city-data.com/forum/real...ny-offers.html

Not to mention that you claim that you always sell without help from real estate agents.

Quote:
Originally Posted by Natalijaasbj View Post
We are moving into different state due to personal reasons...
We found an amazing home in the place we want to be and put an offer. Offer was accepted, but contingency rejected... We were not worried, because we knew we live in the state that is very popular right now, and people are flocking there... So we thought we will sell our house quick...Our bank approved us without contingency, because we have lots of equity.
Well... a week passed, 3 families look at open house... on Saturday, Sunday... and no offers... We dropped the price some... still,no calls,no offers... Seems to be reasonable, because my husband is an appraiser..
The problem is we do not have time to remodel much... We would lower the price some if people would ask,,, but nobody asks...The house is in well-off area with huge mountain view... Huge shop, and other sheds. House is 2.400 sq feet . Almost 4 acres..
When we sold our previous house in Seattle area 4 years ago, we also were in a hurry, and sold just fine...
We always sell BY OWNER..
Because my husband is a Real Estate Appraiser and does not "overprice"...
What can be the reason? What are we doing wrong?
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Old 04-06-2021, 09:39 AM
 
Location: East Coast of the United States
21,311 posts, read 22,489,235 times
Reputation: 17714
Quote:
Originally Posted by Natalijaasbj View Post
Hi, I wonder is it possible to sell my house without help of any agents?
Sure, but you're probably going end up selling your house for way less than what an agent can negotiate.

So, probably not worth doing that since it's all about the money you get to keep in the end.
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Old 04-06-2021, 11:33 AM
 
Location: Not the end of the Earth, but I can see it from here
4,597 posts, read 4,816,333 times
Reputation: 5009
Quote:
Originally Posted by BigCityDreamer View Post
Sure, but you're probably going end up selling your house for way less than what an agent can negotiate.

So, probably not worth doing that since it's all about the money you get to keep in the end.
Maybe under the circumstances, but the presence or utilization of a real estate agent does not suggest that you'll get more.

Case in point:

I recently (last year) sold a house with a flat fee broker, who also has a full blown agency of their own. Part of the deal was a market analysis. The agent/broker told me to price the property $30k (roughly 10%) below what I was expecting to list at. My price was based on watching and documenting comps from over five years in the neighborhood as well as general advice from a friend who is an appraiser and works the area on a regular basis. I also priced it at the middle of the range as I wanted it to go quickly and not have to drop my price after it sat for a week or two.

The agent was insistent that I would never get my price because the house needed to be updated. True, it did, but it was a solid, clean and well laid out property that would do well in the market, again, based on the comps I had researched for some years.

I listed it at my price and ended up selling $15k over the list. It went under contract three days after it listed.

Had I listened to the agent I would have left a significant amount of money on the table.

I realize this is only one instance, but my point is that if you do your due diligence and are realistic about your expectations, you can do as well or better than an agent.

RM
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