Everything you need to know about buying a house without a real estate agency
While it may not be available to everyone, it is possible to buy a house without the intermediation of a real estate agent. With careful research, preparation and planning, nothing should go wrong.
However, a lot of rumors circulate out there regarding this issue. And even if it might surprise you, not all are true. So today in YER – Your Essential Realty, our experts deny (and confirm) this type of popular knowledge, that although wise in many occasions, should not always be taken by word.
You can not buy a house without a real estate agent: this rumor is obviously false. A sale is nothing more than a contract between two people, and as long as both receive what they expect to get, the contract is valid. Even if it is verbal and not signed in writing.
If you work without a real estate agency, you can only make offers for houses that are sold directly by the owner: again, false. You can make an offer for any house, regardless of whether the owner is the person with whom you will close the sale or it will be with a representative of a real estate agency.
Even if you do not need an agent, you will need a lawyer: very true, and in fact, this is a serious mistake that owners often pay dearly. You will have to deal with multiple contracts and legal processes when you buy your house, and doing these procedures without a lawyer to cover your back is very risky.
Sellers will not take you seriously if you do not use a real estate agent: definitely false. It is not whether or not you have representation that will guarantee the respect and consideration of your buyer, but your financial history, your available funds or the facilities that you offer.
You will not get a good offer for a good house without an agent: partially false. Or what is the same, of course you can get a good price for a beautiful house even if you are not represented by an agent. It’s just that you will find it incredibly more difficult than if you have the services of a real estate agency that moves constantly on the ground.