FSBO deal without using realtors
So I came across a potential deal for a 2/2 condo that is for sale by owner. The numbers seem to work and I'm trying to look at it early next week before the holiday.
My question is if it's FSBO, does that mean I can't use a realtor either? Is there even a reason for a realtor at this point? I guess I would simply find my own inspector and attorney to make sure the property and paperwork are all good. Is there anything else I should be aware of when going this route?
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#1 Legal & Legislation Contributor
- Rental Property Investor
- SE Michigan
If this guy is a retired lawyer, I would DEFINITELY have my own lawyer look it over. You likely won't have an issue but you don't want to get suckered by a devious lawyer who knows how to use legal mumbo jumbo to create problems later.
Yes, a Realtor will want, and should get compensation if you bring them into the deal. I'm sure you can have the seller pay for it out of proceeds but only if you raise your purchase price to cover that cost.