How do I buy a house without an agent? Should I?
November 11, 2010 5:47 AM Subscribe
We're ready to put an offer on a house ... and our agent just quit. Now what?
posted by Capri to home & garden (30 answers total) 1 user marked this as a favorite
We've been looking for a house or land for over two years in Washington state. Our first agent wasn't helping -- no calls, not responsive when we asked to see houses, etc. -- so after over two years with him we ended the relationship and started working with another agent just a couple of weeks ago. She has shown us a few houses, talked to us about value and making offers, and last night informed us that she's not the right agent for us because she's uncomfortable making "aggressive" offers.
Ironically, she told me she was quitting in response to an email I sent asking her to show us a house we liked for a second time, and we were planning on submitting an offer as soon as we'd seen the house again. The commission on this house would have brought her around $30,000 so this isn't a small loss on her part.
Is it a gain on our part?
I am not comfortable asking a third agent to step in at this late date, write up a sales contract, and get that kind of commission. I'm also not really sure I can shepherd the offer through to close without some help. All over the web people give advice, pro and con, about going it alone, using an attorney, etc. But I'm not sure what, exactly, are the steps. How do I get title insurance? How do I get an earnest money check to an escrow agent? Can I use the standard contracts if I'm not a realtor?
To make things more complicated, the house we want is owned by a realtor, who is the listing agent, so we don't even have a quasi-neutral listing agent involved. At the moment, it's a pure Buyer and Seller game, but we're not on equal footing.