Can anyone help me identify the benefits or lack thereof of buying land directly from the owner rather than going through a real estate agent?

Also, are there any risks of going directly to the owner I should be aware of?

This post was edited on 3/25/15 at 2:44 pm

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Posted by LSU1018

Baton Rouge

Member since Feb 2007

7222 posts

Posted on 3/25/15 at 2:42 pm to BassHorn

I would think you could possibly get it a little cheaper since he/she doesn't have to pay an agent commission.

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Posted by Ziggy

Member since Oct 2007

21523 posts

Posted on 3/25/15 at 2:43 pm to LSU1018

quote:
I would think you could possibly get it a little cheaper since he/she doesn't have to pay an agent commission.

This.

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Posted by TheHiddenFlask

The Welsh red light district

Member since Jul 2008

18384 posts

Posted on 3/25/15 at 3:00 pm to BassHorn

(no message)

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Posted by TheHiddenFlask

The Welsh red light district

Member since Jul 2008

18384 posts

Posted on 3/25/15 at 3:00 pm to BassHorn

Not having a party in the transaction taking 6%

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Posted by Big Scrub TX

Member since Dec 2013

33409 posts

Posted on 3/25/15 at 3:12 pm to BassHorn

quote:
Can anyone help me identify the benefits or lack thereof of buying land directly from the owner rather than going through a real estate agent?

Also, are there any risks of going directly to the owner I should be aware of?

None that can't be solved with the help of a RE attorney (who you SHOULD involve) which will be much less than some useless agent.

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Posted by nolatiger711

Metairie, LA

Member since Oct 2009

767 posts

Posted on 3/25/15 at 3:18 pm to BassHorn

I agree with the above. If he doesn't have an agent, then he would save on the commission and could go lower his price. If he does have an agent, then he is already paying and you might as well let his agent split with your agent.

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