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For Sale By Owner: Do I Need a REALTOR®?

When buyers first begin looking for a home, many will ask "can't we do this on our own? Do we really need to use an Arizona Real Estate Agent?"

The answer is yes, you can do it on your own. There is no law that prevents you from buying property without professional Real Estate assistance. You can search for homes, arrange showings, and even negotiate on your own. The real question may be "do we want to do it on our own?"

Often times buyers are of the understanding that they could go it alone to avoid having to pay the commissions to the Arizona Real Estate agent representing them. In virtually all situations, this is not the case. The commission for the sale of a home is paid for by the seller, not the buyer.

If you do decide to "go it on your own," your choices will obviously be very limited. The only homes that you can buy without any Agent assistance are those that are "For Sale By Owner" (abbreviated as FSBO and pronounced /ˈfɪzboʊ/)--generally a small percentage of the market. These are home owners who, for whatever reason, have decided not to use an Arizona Real Estate Agent in the sale of their house. It may be because they think they can get more return by not paying a commission, or it may be because there was no Agent who would take their house listing at the price they demanded.

Posted by Gilbert Arizona Real Estate - Candace Robinson on 09/23/2008 04:08 AM

Comments (5)

FSBO or Agent? in the Home Buying Channel

fsbo, arizona real estate, az real estate, for sale by owner, arizona homes

Originally posted at: The Phoenix Housing Blog: For Sale By Owner: Do I Need a REALTOR®?

Post is included in group: Arizona Real Estate
Post is included in group: Arizona Real Estate Connection
Post is included in group: Gilbert Arizona Real Estate Connection
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5 Comments on For Sale By Owner: Do I Need a REALTOR®?

SEP

2008

Hey Candace- I really like these informational posts for your clients and customers. Very good direction my dear. I am emailing you right now!

SEP

2008

Lori - Thanks! I hope that offering these small tips will be helpful in some way! Thanks for stopping by.

In our market we have limited service companies and I've struggled through transactions with them. Realtors make things go smooth, without them, they dont' go as well. My experience, my two cents.

SEP

2008

Tracy - I understand, being that my real estate career began with a limited service company there seems to be a lack of service on some professionals, however I was huge on offering above and beyond, much like now! Thanks for your comment.

SEP

2008

Candace - good post. There seems to be a bit of a trend with the growth of the internet and the info available to individual buyers that they are doing a lot on their own. Most times they eventually hook up with buyers agent. Thank goodness they do, for in addition to calling the FSBOs, they call every listing agent for the other properties in the neighborhood so we end up showing these buyers our own listings which is fine, but it gets to be too much when these buyers "want to go to the listing agent directly" or even worse, get the showing and then have someone else write up the offer. It is always so much more efficient when the buyers have their own representation.