I live in a very hot property market & receive letters from people wanting to buy my home although its not on the market, can I skip a realtor?
It would be great to sell it direct without the hassle of showings or paying a broker commissions. Are there lawyers I can hire just to draw up the same paperwork an agent would? Do they charge a flat rate as opposed to billing hourly?
Answers | 2
The Realtor's primary function in any transaction is to market the property. If you have a buyer already, you don't need that service, but that isn't all they do. They also provide a professional guide and buffer between you and the buyer(s) for showing the property, negotiating the terms, making sure everyone is protected etc. Selling your house without that professional advisor is a little bit like representing yourself in a court of law, or at least doing your own plumbing repairs. You're allowed to do it - but if you don't know what you're doing, you could be asking for trouble.
So it really depends on your experience and comfort level. People sell houses "By Owner" all the time. But many of those people regret making that decision later.