The seller then returned home to the market, and it sold. Months later, through a property tax notification, it was revealed that, in preparing new deeds for the property, the expanded yard area had been incorrectly listed in the neighbor's name; however, the house had already been transferred to the home buyer. The new homeowner now owned both houses, and the neighbor owned his expanded driveway and yard. Fortunately, they were good neighbors and settled the matter with a few signatures. An experienced real estate agent deals regularly with these contracts, conditions, and unexpected situations and is familiar with which conditions should be used, when they can safely be removed, and how to use the contract to protect you.
YOU WON'T NECESSARIL N'T NECESSARILY SAVE MONEY
The primary reason for not using a real estate agent is to save money. Otherwise, why would someone turn down professional assistance in finding a home? However, it's unlikely that both the buyer and the seller will reap the benefits of not paying real estate agent commissions. It works like this: An owner selling on his own (FSBO) will price the house based on the sale prices of comparable properties in the area. Many of these properties will be sold with the help of an agent; therefore, the seller profits from keeping the percentage of the home's sale price that might otherwise be paid to the real estate agent (usually around 3.5%). Buyers looking to purchase a home sold by an owner without an agent may believe they can save money on the home by not having an agent involved, so they look solely at FSBO houses. They might expect to save money and make an offer accordingly. Unless the buyer and seller agree to split the savings, they can’t both save the commission, and that’s even if the nearly full commission amount did not already lower the listing price to make it more marketable. Here’s a short list of the advantages that using a real estate agent
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