For those of you in Northern Virginia who purchased a home without a buyer’s agent, how did you get a contract prepared? The NVAR contract seems very standard and agents all seem to start from there. But at the bottom it says it’s only for use by member agents and I have no agent. I am wondering if I can use it and modify it since the seller will have an agent who is a member or if I have to have a fresh one written up from scratch. What did you do?
The NVAR contract would be invalid unless it was prepared by a member on your behalf. Hire a real estate attorney.
Ben said:
The NVAR contract would be invalid unless it was prepared by a member on your behalf. Hire a real estate attorney.
I thought so. Thanks for that
Why on earth would you buy a home in N VA without an agent? Please don’t tell me you’re taking advice from the seller’s agent. Are you under the false assumption you will save the seller 2.5%? You don’t even know how to submit an offer! You are going to manage and interpret all the inspections and negotiate from them? What is your offer strategy? EMD? Deposit, days to close? Escalation clause? Oh my
@Shan
I just thought I could manage it on my own, but now I’m second-guessing everything
Val said:
@Shan
I just thought I could manage it on my own, but now I’m second-guessing everything
You might want to rethink that. It’s a lot to handle without professional help. Just saying
Contact an attorney to write up the contract
Nico said:
Contact an attorney to write up the contract
That makes sense. I’ll look into that. Thanks for the advice
Oh, never mind. The house you wanted is under contract already because they already received 6 offers from well-known and trusted agents with qualified local lenders everyone knows are trustworthy
Shan said:
Oh, never mind. The house you wanted is under contract already because they already received 6 offers from well-known and trusted agents with qualified local lenders everyone knows are trustworthy
Wow, I didn’t realize things were moving that fast. Guess I need to act quicker next time