Most Kenyans always consider homebuying without an agent. In fact, very few buyers would purchase homes without a real estate agent or broker.\u00a0<\/p>\n\n\n\n
Although many\u00a0for-sale-by-owner<\/strong> (FSBO<\/strong>) sellers will pay a commission to a buyer’s agent, some will not. Some want to sell without any real estate agent involved in the transaction. In the industry, these types of sellers are considered unrepresented.\ufeff<\/p>\n\n\n\n An unrepresented seller might decide against hiring a real estate agent so that they can save money by not having to pay a real estate commission. But, in some cases, this approach can backfire, especially when it can be the case that hiring a competent agent with effective negotiation skills can end up saving you money.<\/p>\n\n\n\n Agents in the industry see a lot of FSBOs underprice, which is favourable for the buyer.\ufeff It’s also common for a homebuyer to wonder if the seller is hiding a defect or some other problem because they don’t want an agent involved, which is also possible.<\/p>\n\n\n\n Beware if you are trying to buy a home directly from an unrepresented seller. The seller may not know what they are doing or might be taking advantage of you; either way, it could be problematic.<\/p>\n\n\n\n Note that some homebuyers, especially first-time homebuyers, are wary of real estate agents. They think that real estate agents care only about closing the deal and not about them. A small percentage of real estate agents are like that, but the larger percentage care deeply about providing quality service and treating clients honestly and ethically.<\/p>\n\n\n\n If you are homebuying without an agent :<\/p>\n\n\n\n Before buying a home directly from an owner, you should consider ways to protect yourself from risks that can be costly. Using a buyer’s agent and hiring a real estate lawyer to answer questions and review contracts can minimize risk. Also, do your own research to learn about home values, schools, and transportation in the area.<\/p>\n","protected":false},"excerpt":{"rendered":" Most Kenyans always consider homebuying without an agent. In fact, very few buyers would purchase homes without a real estate agent or broker.\u00a0 Although many\u00a0for-sale-by-owner (FSBO) sellers will pay a commission to a buyer’s agent, some will not. Some want to sell without any real estate agent involved in the transaction. In the industry, these […]<\/p>\n","protected":false},"author":1,"featured_media":11944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-11939","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-buy"},"yoast_head":"\nHomebuying From an Unrepresented Seller<\/strong><\/h5>\n\n\n\n
Risks of Homebuying Without an Agent<\/strong><\/h5>\n\n\n\n
The Bottom Line<\/strong><\/h6>\n\n\n\n