Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago on . Most recent reply

Owner financing Deal in South Carolina
Hi everyone!
I got to this deal while it was on the market, and went to see it with my agent. The price was more then It worth so I did not put an offer right away. Since the showing, the listing is on hold do not show for almost a month now. The seller agent has not replied to my agent for weeks now. I decided to track the owner and give him an owner financing offer. Gladly, the seller has agreed to the terms and what left is to make it official with my lawyer.
My question is, can we close without the agents and it will be fine legally? Are we obligated to pay the commission to the agents although we close the deal between us?
P.S. I was planning to compensate my agent from my own pocket although I came to an agreement with the owner myself.
Please let me know what you think!
Most Popular Reply

Myrtle Mike Thompson, I highly agreed the agreement(s) on both sides (if signed) will dictate the outcome of this transaction.