driveway and yard. Fortunately, they were good neighbors and settled the matter with a few signatures. A REALTOR® is experienced with handling discrepancies such as this in contracts. They are also proficient in handling unfavorable conditions or unexpected situations and how to prevent or minimize them. REALTORS® stay current on contractural information and understand that the purpose of the contract is for your protection; therefore, they know which conditions should be used and when they can safely be removed.
YOU WON'T NECESSARILY SAVE MONEY
Not using a REALTOR® would be to save money, right? Otherwise, why would someone turn down professional assistance in finding a home? It is unlikely that both the buyer and seller will reap the benefits of not paying REALTOR® commissions. It works like this: An owner selling on his own (FSBO) will price the house based on the sale prices of other comparable properties in the area. Many of these properties will be sold with the help of a REALTOR®; therefore, the seller typically has a higher profit margin when paying for one REALTOR®, instead of two. Once again, it is advisable to ensure that commission responsibility is negotiated early in the process when working with a For Sale By Owner (FSBO) transaction. According to the Residential Buyer/Tenant Represenation Agreement (TAR 1501, paragraph 11B) , if seller refuses or fails to pay the commission for the buyer's agent, the buyer will be obligated to pay the commission at closing. Buyers looking to purchase a home sold by owner without an agent may believe they can save money on the home by not having an agent involved, and so they look solely at FSBO houses. They might expect money to be saved and make an offer accordingly. Unless the buyer and seller agree to split the savings,
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