I have searched the forum for this question, but unfortunately I am unable to find anything close to my question. During my initial workshop I remember the presenter saying that we can purchase a FSBO property. I asked my realtor who is very familiar with NACA and was told that I couldn’t purchase a FSBO. I tried reaching out to my MC but haven’t heard anything back yet. Can someone help me out with this please?
Yes, you may buy a For Sale By Owner (FSBO) property. However, just because the seller doesn’t have a real estate agent doesn’t mean you can go without one too. DEFINITELY have an agent even if the other party doesn’t. It’s worth it without exception.
I had a similar experience with a realtor. After asking about a couple of FSBO properties I found online, she finally told me that a lot of times fsbo sellers don’t pay realtor commission. I took the initiative on one property and contacted one seller myself to see if they were willing to pay realtor commission and they said they would but not 3%, they would only pay 2%. Well rather than negotiating or trying to see if I could add the rest onto my loan, she never followed up on it saying she had to see if her broker would allow her to take a lower commission. Of course, I put in for a new realtor after that.