When it comes to buying or selling a home, the sales agent and the seller can agree to offer any co-brokerage commission they choose. Real estate lawyers are legally authorized to prepare and review documents and contracts related to buying and selling a home, and may even be in charge of the closing. However, if you don't meet certain criteria, selling without a real estate agent in Virginia may not be the best option. The Virginia REALTORS Association provides a library of standard forms on its website, but they are intended for real estate agents and require a login.
According to Jon Granlund, a real estate agent for Real Broker, LLC who is primarily dedicated to Northern Virginia, local sellers often carry out major repairs. The Virginia real estate agent organization said the housing market is on track to have the steepest annual drop in sales activity in more than a decade. Selling your home without a real estate agent in Virginia means you won't have to pay the average sales commission in Virginia of 2.56% of the sale price of your home. If you're considering selling your home without a real estate agent in Virginia, it's important to understand the criteria you must meet.
You must be able to market your property effectively, negotiate with buyers, and handle all paperwork related to the sale. You should also be familiar with local laws and regulations related to real estate transactions. It's also important to understand that while you won't have to pay a commission when selling without an agent, you may still need to pay for other services such as legal advice or marketing. It's important to weigh up all costs associated with selling without an agent before making a decision.