Our standard Buyer Agency Agreement specifies that we will help homebuyers identify, view and purchase homes that are listed for sale with our company or any other REALTOR®. Many savvy homebuyers contract with us to seek out unlisted properties as well.
Unlisted properties include
For Sale By Owners (“FSBO’s”), homes that may be coming on the market
soon but aren’t listed yet, or homes that your agent specifically seeks
out for you whether they are currently offered for sale or not.
Some of the advantages of seeking out unlisted property:
(1) More homes to consider, especially if there are no current MLS listings that satisfy your needs.
(2) You want to look at a “FSBO”, but you want a good REALTOR® to represent you in the purchase so you don’t make a costly mistake.
(3) Your
company is paying for your relocation costs, but only if you are
represented by a REALTOR® (often the case with a corporate relocation).
(4) If
you can purchase a home before it’s listed for sale in the MLS, you may
not have to compete with all the other buyers who would become aware of
it when it gets listed.
(5) Your needs may be very specific, and you need someone to aggressively seek out what you need. (Commercial real estate is often purchased this way.)
There
are really no disadvantages to buying unlisted property other than the
fact that the transaction may seem a bit more complicated than some
buyers and sellers are accustomed to. We can usually overcome this with a thorough explanation of the transaction.
CENTURY 21 Kreuser & Seiler, Ltd.. has a unique program to help homebuyers seek out and purchase unlisted property. It
typically costs a buyer nothing (Our fee is built into the sale price
just like it is with any listed property.), but the program will require
about a 15-minute explanation before we actually start house hunting
for you.
If this program sounds like it might be of interest to you, please contact any agent you know in our office, or for an agent recommendation, click here.