Purchasing WITHOUT an AGENT?!

[Kristen Shook]

I am interested in a property that is on the market for 56k. I know the seller personally and she is selling 'for sale by owner' as well as 'as is'. I have spoke to her and she is willing to go down to 53k-54k since she knows me and has already moved into her next home, she doesn't want to continue to pay two mortgages. **Will be my first deal**

Since she is selling 'as is' and there is no room for negotiation (as we already spoke about how low she would be willing to go for someone she personally knows) is a real estate agent really necessary at this point? Would it just be costing us money? I know that I could go to a title company and have a title to fill out then have it approved by my mortgage loaners. She also has a friend who would be willing to help us through this.

Should I contact my agent and see how much they would charge?

What are your thoughts and/or opinions? 

Property is in a good spot of town, 5 minute drive from the local college. 2br with a basement that has room for either 2 additional bedrooms or 1 bedroom and a kitchenette space. It does need a little work (cosmetic) but it is already priced below county value on a 0.19 acre lot.  

Advice?!

Thanks!!

Kristen Shook