Do i need a realtor , if i sell my house to a friend ?

There is no law that requires you to use a Realtor ever. If I was your friend I would hire an inspector of my own choosing that I pay for and I would be there during the inspection. A Title company would do the closing, issue the title insurance policy, and may be able to help you draw up any agreement that y'all have verbally made between each other.

In most states the seller is required to make a disclosure of condition. You would want written proof that your friend received that from you. Your friend would need to get their own loan- and I would not allow them to move in until I have received the money and closed on the deal.

unless you know all the procedures and legalities of buying/selling, you might not need a realtor, but at the very least you need a lawyer to make sure that everything is done right.

i would also add that doing business with a friend is rarely a good idea. what happens if you sell the home to your friend and they discover termites 2 months later? now, you legitimately might not have known about said termites, but it's going to look shady. friendships have been irrepairably damaged because of things like that. you should really really think this through before signing anything and any money is exchanged.

Legally, you don't need a realtor, but to protect everyone's interests each side should have a real estate lawyer to review the paperwork. Friendship is great, but this is a huge amount of money and a highly personal investment here, so don't risk the friendship by wading blindly into a real estate quagmire. Your friendship is worth the few hundred bucks for everyone's protection.

you're paying value in genuinely 2 aspects. A proportion on your itemizing agent, and a proportion for a customer agent. That being pronounced, you're in a position to decrease the value. on account that there is not any customer agent, there is not any one for her to could separate the commssion with. She might then get her proportion for itemizing and advertising and you may shop on the customers agent value (quantity as precise interior the MLS itemizing) on account that, as you reported, she did no longer get carry of the customer. in spite of in case you may get out of your settlement, consistent with the place you reside and the main significant factors of your settlement, you likely might nonetheless owe her a cost on a sale throughout the time of the reduced in size itemizing era. (unique top to sell) and because this customer got here to you throughout the time of the itemizing era, she might nonetheless be owed a cost. in basic terms keep in mind that your realtor is advertising your private homestead (likely together with her very own $$) so she is doing her area to earn her value. On a element be conscious...Having 0 showings in 30 days additionally leads me to think of your place is overpriced. solid success!

If you don't use a realtor, you'd better use a lawyer. Mistakes can be VERY costly.

Glen said it the best!!