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Updated about 17 years ago on . Most recent reply
Q: Buying a condo in Missouri w/o using a buyer's agent?
Hello everyone! I have a quick question I'm hoping some of the seasoned investors on here can help me with.
There is a 2 bedroom condo I saw in my area that is up for sale. I believe it to be significantly undervalued. I'm considering making an offer to buy it and rent it out.
Here's my question: The seller is using a real estate agent. I would like to buy it w/o an agent in hopes that the seller's agent will drop his/her commission by at least 2%. This would save me a few thousand, but I'm wondering if the savings would be worth me forgoing a buyer's agent. What do you think?
Also, if I decide to not use a buyer's agent, what do I need to be aware of? Where do I start? (I will need to finance it). Is there a good website that can give me a heads up on what I'll be dealing with?
Thanks! :D