making offer without real estate agent?

Question

Hi due to the rising popularity of sites like 'duproprio' where homeowners can list their buildings directly, i was wondering if anyone know how to make an offer without going through a real estate agent? is there some template i can follow? thanks

Huong Luu · Answer

Account Closed, You can download a standard Agreement for Purchase and sale document for QC on-line. If you can't find it, message me and I will send it to you. You can make offers without an agent. In some cases, if the seller has an agent, that agent will take a bigger commission if you don't have an agent. If you have an agent, they will be paid by the seller, unless this is a separate agreement which will be declared so everyone is aware of it. If you signed a working contract with your agent, you may be liable to pay them even if they don't represent you in a particular deal. Check the working contract terms. FYI, Your agent legally has to submit an offer that you tell them to. If they don't, change agents. However, I would suggest you explain why your offer is what it is so your agent can go to bat for you. Keep in mind, agents do talk, and you don't want to be know as the time waster.

John Morgan · Answer

@Russell Butler

I’ve done this three times. Saves you a ton of money. I ask the title company we use for a contract. It’s that easy.

Melissa Vass Scott · Answer

I fully agree with Roy.  When you are purchasing a property the seller pays the commission, therefore you have full benefit of the expertise and the insurance of the agent to protect your interests.  More importantly you will get all the information required of that property to put forth a solid offer.  Unless you know the area well, I would always use an agent.

I have bought and sold personally throughout my career, and I have bought and sold with an agent (past, as I finally got licensed).

Steve Morris · Answer

Well, went thru it and big red flag:

"Seek the advice of a notary if legal questions come up during the process, or to check certain legal documents."

All a notary (in the USA) does is confirm you are who you say you are.  They do NOT give out legal advice (at least legitimate ones).

Ashwin Samtani · Answer

I agree with Roy. It won't be at any cost, and the agent is obligated to protect your best interests, and is trained in the whole process including identifying and using the right wording when putting in conditions with the offer. A condition can have a completely different meaning if a single word is off.

For example, if a condition indicates that the seller is warrantying the condition of the chattels (e.g. appliances) in the property, using saying that the warranty would "survive and merge" vs "survive and not merge" can be the difference between the seller warrantying the condition of the appliances until the completion of the transaction vs the warranty continuing after that.

Ray Evans · Answer

@Russell Butler  I have a simple 3 page purchase and sale agreement.You can get one for your local.I can buy the property or wholesale it to someone else.I had a local real estate attorney look it over just to be safe.This is mainly for off market deals.If it’s MLS listed then an agent is already involved.You can use the listing agent or your own.It doesn’t matter as far as commissions in the end.

Best of Luck

Roy Cleeves · Answer

You can connect directly with Duproprio and they should help you.  Also, you can connect directly with a real estate lawyer to offer.

And do consider using a Realtor as you can use a Realtor at no cost to you and that Realtor can protect you and advise you.   The Realtor also has insurance in case something goes wrong.

I recommend you talk to a Realtor and your real estate lawyer for advice.

Account Closed · Answer

thanks everyone for the responses. if anyone else is interested, here's a useful link from duproprio where they describe buying without an agent:https://duproprio.com/en/buy/how-buy-property/buying-your-home-without-a-real-estate-agent

Christopher Thompson · Answer

I've bought a number of places with and without an agent.  It's a bit misleading to say the buyer doesn't pay commissions.  The buyer is the one bringing the money to the table. If the buyer doesn't have an agent, then there shouldn't be any buy side commissions and you should be able to get the home at a 3% discount (roughly).  I've done this a number of times to my advantage and the closing statement never had a broker double ending the deal. I saved 10's of thousands of dollars in my most recent transaction and beat multiple offer situations in a hot COVID market.

Key to Success

* Get pre-approved to show your strength

* Contact the listing agent to open up the door to the property (they want to find as many qualified buyers as possible, so they don't care)

* Be direct upfront saying you aren't looking to be represented

* You can either write an addendum where your offer is predicated on no buyer agent fees (after all, it's negotiable), or you can attach a note to the seller that they shouldn't have to pay the fees, with summary of the strength of your offer.

It's actually very easy.  The purchase contract is extremely straightforward.  If you ever have a question, pay $50/$100 to ask a real estate attorney.

making offer without real estate agent?

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