Selling a rehab without an agent

[Sergio P Ramos]

I recently purchased an investment property from a wholesaler. Long story short, the read went over budget. Obviously cutting into profit. My question: has anyone sold properties themselves without an agent. Could you possibly hire a lawyer to make sure all paperwork is in order and sell it yourself. Pros and cons? Right or wrong way of doing this? Thank you in advance...

[Luis Vellon]

Hi Sergio,

You absolutely can do this. I have sold multiple houses w/o realtor and bought my current home in the same way. You can contact a lawyer who specializes in this. I've been charged 1% of the sales price before. I'm sure you can negotiate a flat fee. They typically have their own contract and can tailor it to your situation. 

My current favorite is to use the standard contract realtors use in my state of Arizona. It's plug and play. I have found them online but you might have to search as they're usually accessible only to realtors. You could also ask a realtor friend to give you a copy. Then I just contact my favorite title company and they take it from there. The title company itself has lawyers and people who make sure you are covered in the legal aspects. I have found this to be very smooth.

You would still pay their fees in this case, but its WAY cheaper.