Portland Oregon - selling your unlisted home without agent

[John Smithey]

We live in Portland, OR where the market is pretty overheated. Wondering if anyone here has experience in that market selling their own residential property without a listing agent, or additionally where the buyer does not have an agent either (and both parties just use an attorney or attorneys to handle the transaction). Our home is currently unlisted, and we may be able to line up a buyer without listing just through our personal network. Google this question and SEO leads you to one million realtors trying to steer you away from this route, of course. But maybe it really is too fraught with risk and paperwork to be worth it?

[Jay Hinrichs]

Quote from @Zac Lindquist:

Quote from @John Smithey:

For sake of argument, assume that I already have a buyer identified. Taking marketing completely out of the equation, are there still other considerations?

 At that point you could go the attorney route. One thing to keep in mind is even though you do not have to pay realtor commissions going private, you still could be missing out on netting more by listing the property.

I recently put in 2 offers 60-70k over asking for one of my other buyer clients and still lost out by what the other agent stated as a "significant amount". You are giving your private buyer a great deal if they do not have to compete in this market. The duplex I referred to sold 50k over and I paid the buyer's commission no problem and would every time. 

you can simply go to a title company to close this you dont need a lawyer generally speaking on the West coast they rarely do these type of closings too expensive to pay 400.00 and hour..  and I agree with Zac..  ( of course if you already have the buyer)  But very often buyers that go direct first thing they want you to do is LOWER the price since your not paying a realtor..   But if the buyers is known to you and you already have it worked out then that is one thing and pretty easy to do.  But if you end up marketing it be prepared for pesky wholesalers and others .