And as long as a FSBO not only doesn't want a real estate agent to help a home buyer buy their house,but they didn't hire a real estate agent to help them sell their house,they are always going to be the buyer of their own house-Simple as that.
So please and for the love of God,please don't buy a FSBO without the representation of a Real Estate Professional-I DON'T CARE HOW GOOD THE HOUSE LOOKS. Much luck to you.
The buyer's agent works for your interests in this transaction NOT the sellers. It appears that you are coming from out of the DC area. If so, you are just the kind of buyer a FSBO who has something to hide is looking for to take advantage of your lack and local knowledge.
As a buyer's agent I would caution you to be fully prepared to walk away from this home and find a better suited one in which the sale benefits both YOU and the seller.
Providing options often leads to agreement. Here are a couple of ideas:
1) agree with the seller and get advise from a real estate attorney on how to proceed
2) Offer to pay the realtor representing you yourself
In both cases above, ask that dollar amount of the cost to you be paid to you as a subsidy at settlement.
If you decide to make an offer be sure you inspect EVERYTHING. And make SURE you understand the process, forms and all your options THOROUGHLY before signing anything.
Buying a home is a big commitment (30 year mortgage!!!) that is full of legally binding issues. Get good advice:
You may also want to consider paying a Realtor to process the paperwork for you since it sounds like the seller does not want to pay for a Realtor's services. There are a lot of potential pitfalls you could be walking into without protection. Usually the Realtor will do this for a minimal fee since you have found the house.Find a title
Good luck with your purchase,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required), HARP 2.0 - No Appraisal Required for Refinance for Underwater Home Values, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!