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Updated about 2 years ago on . Most recent reply

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Misty Quaintance
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Buying Off Market - To Have a Realtor or Not

Misty Quaintance
Posted

I am looking into an off market deal. The house can use quite a bit of work, but it would come at a pretty good discount. I would want to have inspections done and title search/insurance - I’m not sure how it works when you buy off market as far as if you use a realtor or not. I’ve always had a realtor for every other transaction so I’ve never had to look into this process too much. I’m looking for any advice on how to proceed to make sure everything is done properly while not paying the full realtor fees. I’m not opposed to paying a realtor something, but I would think since they never had to show a house or do any of that first process there might be a different fee associate if you engage a realtor. 

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Eliott Elias
  • Investor
  • Austin, TX
5,555
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Eliott Elias
  • Investor
  • Austin, TX
Replied

You should use a realtor if you do not understand the escrow process. You should have the seller pay the realtor a commission, they typically pay 1% for off market deals. 

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