Often Buyers assume that buying direct from the seller or in some cases, the Seller's agent they can negotiate a discount. Though this may be possible, as others have pointed out, not having an agent involved helps out the seller more than the buyer. But as for the process, it is all the same. Negotiations have to be made, inspections held, review of contracts, keeping an eye on your contingencies and dates of performance. Certainly your attorney can do assist, but do not expect that extra hand holding to come for free. Considering how many sleepless nights I have had on behalf of my buyers, I can not imagine why you would want to go it alone. But that all being said, my last point would be; if you have already seen a property without an agent or the disclosure that you have a buyers agent, will likely not be to your agent's advantage. The seller may elect not to compensate the agent after the fact.
My best wishes to you.
I know a couple of good Mass. attorneys that would work with you pretty cheaply if they were able to be the closing attorney on your new mortgage.
The other person is correct- just because it is a brand new home, doesn't mean than you can avoid having your own home inspection done. Its still worth it- even if its more of an educational tool for you.
If you need any help on this, or the mortgage, please let me know. Thanks and good luck,
Normally, the seller would have an employment contract with his/her broker to sell the home for a fee. Part of that fee is typically paid to the buyer's agent at closing. If I were representing you as your agent, and I knew that the seller was not represented, I would approach the seller and ask them if they would be willing to offer compensation for bringing a buyer to the table. If they said no, it would be my option as the agent to take you on as a client free of charge, or I might discuss a potential fee with you. It really all depends.
Either way, the answer to your question is, "the process is very complicated, and there are a few hudred things that can go wrong."
You really need representation to get through this with as little turbulence as possible.
If you still dont think having a realtor is valuable then you should at the very least hire a real estate attorney to help review the offer contract and the purchase and sale contract.
If you want non binding advice on how to proceed feel free to email firstname.lastname@example.org or call 617 848 5407 extension 707
I agree -- even though this is a builder --- you NEED a home inspection. You need a Purchase & Sales Agreement - a buyers agent can represent you at NO charge to you. Commission can be settled within the price of the property.
If I can be of assstance, please give me a call. I am a Certified Buyers Agent in MA & RI.
If you can without it costing you, bring a Realtor into the process. It could save you money and headaches, Most homes are a big expense. You should arm yourself with all the experise you can get. This forum is helpful, but limited, There are many intricacies that playout in the process that could pose problems now or in the future.
If the seller won't pay a commission and you don't want to pay for the service, at least get a qualified attorney that represents you involved immediately. The money it will cost you is well worth it.
In any case, it is best to have someone negotiating for you.
Check out the blog in my profile - "Negotiating Tips"
You will have to find out what similar house in the area are selling for to find out how much the house may be worth.