buying fourplex from realtor w/out one myself

buying fourplex from realtor w/out one myself

Austin, TX · Member since 2017 · 11 posts · 2 votes

I direct mailed a bunch of multi-family owners in my area, and got a response from a realtor who owns a quadplex.   In my letter, I said I'd like to avoid using realtors (and use an attorney instead) to save some cash.  Have I lost any financial incentive for me to not use a realtor myself?  Or am I thinking about this wrong? Now that he's a realtor, whats the best way to proceed? If i move forward, is he going to claim buyers agent? 

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  • Rental Property Investor · Shawnee Mission, KS · Member since 2016 · 58 posts · 52 votes
    9y

    Billy,

    We have closed lots of deals without using realtors.  I would definitely recommend using a title company though and not an attorney.  We recently ran into some major issues trying to close a deal that was previously "sold" outside of a title company.  I think this would be a simple discussion with the seller explaining that you wanted to closing to go through a title company without agent representation. 

    -Ian

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