After losing out in multiple offers on two houses, “Sam” and “Barb,” a local couple, heard about a For Sale By Owner (FSBO). The sellers refused to pay a real estate commission and their Realtor told these buyers they would have to go it alone. Apparently, the agent did not know about Buyer-Broker agreements.
Sam and Barb considered hiring an attorney to draft the contract. Before doing so, however, Sam’s co-worker, one of my past clients, referred them to me for my by-the-hour, consulting help. As it turned out, for a nominal amount, Sam and Barb avoided spending a premium for a home that offered little more than a laundry list of problems.Read More