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Updated about 7 years ago on . Most recent reply

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What are benefits of NOT contacting the agency?

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If I may ask: What are the benefits of NOT getting in touch with the agency for buyer of real estate, either house or apartment, and what are benefits for seller (current owner) who wants to sell his or her property? Is there any resource where could I read more about the actual benefits of buyer contacting seller directly, 100% avoiding agency and/or seller contacting buyer directly, also avoiding the agency? One benefit could surely be total price - agency's fees are avoided. Second benefit could be time (some time to be saved), third benefit could be documentation - it is possible that there is some less paperwork to be done. However I would like to know as much as possible about doing the business between both sides directly, avoiding the agency? Particularly the benefits. Is there any book on that topic please?

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Josh C.
  • Property Manager
  • Indianapolis, IN
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Josh C.
  • Property Manager
  • Indianapolis, IN
Replied

Susanne McCallack I think your facts are off. At least in my state.

First, what listings are you looking at where you don’t know the address of the property?

Also, it’s incredible easy to find out the owners contact info. Go to your county’s website or in some old school places you may have to physically go there, but still very easy.

As mentioned above contracts don’t allow the seller to sell on their own regardless if the mail man walked up to the seller the day the contract was signed even prior to listing it in the MLS and brought sacks of money. Agent is still entitled. It’s a contract.

You asked for the benefits. Answer is zero on a listed house. Actually, negative benefits as you won’t make any money and have an attorney bill at the end. I assume you’ll disagree, so quit asking a public forum and talk to attorney.

  • Josh C.
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