Do you have to utilize a Real Estate Agent?

[Michael Lettieri]

I’ve seen postings of people doing deals ‘solo’. Does this mean that they are buying properties without real estate agents? Is this legal in New Jersey where I live? Thank you for your help.

[Nathan Gesner]

You can buy and sell your own property without a real estate agent. Some people do this and get lucky because the market is strong and they find an honest buyer. If you do it at the wrong time or with the wrong party, it can eat your lunch. It's also a known fact that selling with a real estate agent will (generally) result in a higher sales price and more money in your pocket.

Is it worth selling on your own to save the commissions? That depends. Knowing the power of a good agent, I think it's too risky.