I am working as a buyer broker right now in a FSBO situation and it has been such a pleasant transaction. You should have no worries. You can find more helpful hints on my blog on my website.
This type of seller is typically called FSBO in the industry (for sale by owner) and as a buyers agent we typically get much more information and leverage than if the seller is protected/represented by another Realtor.
Sellers don't realize some of the things they say can reduce their offer and repairs etc aren't to the sellers advantage. In a small percentage though the seller is perfectly capable of doing just as good a job on their own, without representation because the have higher than the average experience with real estate.
If you are a buyer be happy that you have them as they are free to you EXCEPT in the FSBO situation, your agent must get a compensation agreement prior to showing you and if they don't you may have some responsibility if you signed a Buyer Broker agreement for a commission to be earned. so check in to that as well and best of luck to you!
Keller Williams Arizona Realty
Select Realty Group
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In the age of legal ranglings, why woudn't you just hire your own agent to represent you. Yes, an attorney can protect you in contract matters. Attorneys don't show and sell homes. Is the extra savings really worth the risk? We live in a litiguous society. I can show you some for sale by owner sellers who are facing lawsuits due to something they said or promised the buyer. Be very careful about this decision. I'm not saying not to be a for sale by owner seller, just be very very cautious.
I would be happy to discuss your situation with you if you like - you seem to be getting a similiar response from a variety of Realtors so I hope we have addressed your initial question.
Please let me know if you want to grab a coffee and brainstorm.
Hope that helps,
Unwavering Commitment to Service
Bringing an approved buyer to the table is half the battle. For Sale By Owner (FSBO) are not aware of who is coming to their open house or if the person is pre approved for a purchase. When a buyrs agent brings them in, it's half the battle.
You can tell from the first few communications what is to come...and again...if I'm the buyer's agent then that's what we're doing - if there is a selling agent involved or not.
I am assuming you are trying to decide if you should list your home with a Realtor or go it on your own?
So the question is will you prefer to take your client to similar properties represented by seller agent first or this won't impact your decision ?
Good documentation from the seller would be most helpful as well as an offer to pay commission to the agent who brings you a buyer. A saavy agent will get this in writing prior to showing the property with all of the necessary disclosures.
As a Buyer Agent I have no problems dealing directly with the seller, and have done so many times. As long as the seller is willing to do what's required of him/her, that's fine with me. Make sure you understand the process so you can do your side of the transaction, and you should have an attorney lined up too.
That depends on the level of knowledge of the seller. It can be done and the buyer's agent ends up doing most of the heavy lifting to get the transaction through. However...if it's the right place for my buyers and they want it...then that's my goal!
I also noticed that you posted an unanswered question about listing your place (or waiting until spring). Did you get an answer to that offline?
Amy Mullen, Realtor CPA LMC MBA
RE/MAX Professional Associates