In the present economy people who need to or want to sell their property themselves and save on real estate fees can do so easily. It is not a difficult process. If you wish to save the time and hassle of all the paper work and the advertising in order to find a buyer then the real estate agent can be your saving grace.
There are many considerations to go over when selling or buying property and a real estate agent has the know how to work through these areas. Home owners insurance, credit scores, money on hand, taxes, and housing costs. Is it what is financially best for the buyer or will they be remorseful they bought property after all paperwork is signed? Should the sellers list the property with an agent or try to sell on their own? Should the buyer go through an agent or try to purchase on their own? Did the buyers look into the neighborhood and surroundings, the school system, churches, transportations to mention a few? Does the home have all that the buyer is looking for in a home, so that they will not be remorseful after the sale? How much earnest money is the buyer able to present to the sellers? Is the asking price and calculated mortgage payment going to fit the budget of the buyers? Have all disclosure, appraisals and inspections been completed?
Whether one has land, a business, house for sale, bungalow or condominium and they have a buyer; it will depend on how they want to sell the property. Are they selling outright where the buyers must come up with the cash, or are they selling on a land contract? Land contracts are simple and the seller can expect this to be simple a two step process. There must be a paper contract that both the owners and buyers sign and date. Within this contract will be some simple steps that should be included in order to protect both parties. This will give the buyers a clear understanding of what the sellers are asking. There is always a closing where legal paperwork is signed by both parties and a deed is handed over to the buyers.
The buyer will have to go through a loan process for financing if they do not have the cash to pay for the property so the down payment, loan interest rate, and closing costs all need to be looked at.