Can I buy a house without an agent/realtor in AZ?

Can I buy a house without an agent/realtor in AZ?

Investor · Phoenix, AZ · Member since 2016 · 53 posts · 6 votes

Hello All,

Real estate is amazing! it makes me learn every day. I have a question about buying a house without an agent. Objective to save the costs, active learning, treating it like a business... Scenario: I like a certain house. It is family owned SFH. It's listed on zillow and there is the sign on the road... I wanna contact the seller directly and make a verbal offer. Say the seller agrees to D-I-Y and signs the offer. If the seller has an agent - could we drop it and deal directly? I recently bought the house and roughly understand what needs to be done. Could the transaction be done??? or it is a really bad idea with many risks involved including the seller cooperation...? Any personal experience? Wholesellers do it, why cant I do it? I know it is not easy but still.... I would ask the attorney to review some docs. I have several contacts in my folders to follow the steps and actually recently closed a RE transaction with an agent - so the memories are fresh... I always can ask somebody... and the mortgage is not a problem. Inspection and terms are understood, appraisal, good relationships with Title company, insurance agent and mortgage banker should not be a problem... The house has an HOA... could be a little pain but I am excited to try!

Please fill me in!

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  • Paul AmegatcherPro Member
    Rental Property Investor · Brookville, OH · Member since 2016 · 488 posts · 363 votes
    10y

    So there are a lot of moving parts to you question but yes you can buy a house without an agent.  It is the best way to buy.  Here are a couple of questions and answers for you:  

    1. Is the house you want to buy listed for sale by owner or is there an agent involved?  If there is an agent involved then they will be representing the sellers interest.  In that case you can still pursue the purchase but you will never deal with the seller it will always be with their agent.  The sellers are also contracted to the agent if the agent is marketing their property so the agent cannot be dropped per your previous comments.

    2.  If it is a for sale by owner then you will be dealing directly with the owner.  You do not need an agent to represent you.  You will need a good real estate attorney to draw up a purchase contract so your interests are protected.

    3. Once you have a signed contract you can then present that your banker for the loan process this assumes you are already pre-approved by said banker.  The rest of the steps should fall in line.  I.E home inspection, appraisal, insurance, title search and closing.  Good luck.

    Paul Amegatcher

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