Purchase of SFH without agents

[Nataliya Isupova]

Hi BP community!

Looking for advise on how to buy off market SFH with no agents on either side. What is the process, do I need to have a RE attorney? Is there such a thing as FSBO package that some title companies offer for these specific purchases? For the background: house is NOT distressed, in a great condition, and the deal would only make sense if neither party has to pay agents' fees. Thank you!

[Ronald Allen Barney]

Originally posted by @Nataliya Isupova:

Hi BP community!

Looking for advise on how to buy off market SFH with no agents on either side. What is the process, do I need to have a RE attorney? Is there such a thing as FSBO package that some title companies offer for these specific purchases? For the background: house is NOT distressed, in a great condition, and the deal would only make sense if neither party has to pay agents' fees. Thank you!

I did FSBO and sold to a buyer who had no agent, in Minnesota. It was a straightforward process and the title company processed the transaction for about the same fee as the realtor's transaction processor would add to the closing costs. Those straightforward deals are great. If the seller can find the buyer and both agree on the price and neither side is scamming the other and the title isn't encumbered by nasty mechanics liens and the mortgage company isn't being a pain in the you know what on the buyer's side and there are no zoning issues and there's no radon gas and the seller hasn't been cooking meth in the basement and there is no mold and there aren't any non-permitted modifications to the house that can come around and bite the buyer, and both know how to draw up, read, and understand the contract, no need for an agent at all.