You can definitely make an offer on the house without a real estate agent, especially if you have found the property on your own. Your planning list is also pretty solid!
Address the Seller and Introduce Yourself. If you know the seller's name, use that, but you likely won't know the name of the owner of the home. Detail What Makes the Home Stand Out to You. Find Common Ground. Present Your Offer. Note Any Contingencies You Have. Close with a Friendly Thank You.
Agents have expert negotiating skills. Without one, you must negotiate the terms of the contract on your own. “I've heard stories where buyers worked out terms for a contract and found multiple, serious problems after they moved into the home,” Blank says.
Interestingly, while real estate agents cannot legally share your offer amount or any other details of your proposal with other buyers, the home seller can. That is to say, there's no law preventing the seller from sharing the information.
Yeah, you can totally ask. Your agent might get a better response than you can get, though.
No. That's a serious breach of ethics. A Realtor cannot provide confidential information to one potential buyer that is not provided to all all buyers. More importantly, a Realtor cannot provide information about what offer is the highest to any buyers.
While some REALTORS® may be reluctant to disclose terms of offers, even at the direction of their seller-clients, the Code of Ethics does not prohibit such disclosure. In some cases state law or real estate regulations may limit the ability of brokers to disclose the existence or terms of offers to third parties.
Will go into effect. After this typically the buyer has a 10 or 15 day inspection period to reviewMoreWill go into effect. After this typically the buyer has a 10 or 15 day inspection period to review the property perhaps if it's a Condo building the buildings financials. And to be able to cancel.
Address the Seller and Introduce Yourself. If you know the seller's name, use that, but you likely won't know the name of the owner of the home. Detail What Makes the Home Stand Out to You. Find Common Ground. Present Your Offer. Note Any Contingencies You Have. Close with a Friendly Thank You.