Landed homebuyers have options when navigating their home purchase.
As it can be a challenging process to go through alone, we encourage homebuyers to work with a licensed real estate agent, or professional who is trained on the contracts and processes of a real estate transaction (e.g., real estate attorney).
We want to ensure our homebuyers are well represented by professionals who have your best interest in mind. Below are common types of agent representation and information on whether we can support them.
Dual Agency
In our experience, it’s difficult for an agent to represent both a buyer and seller well. In order to help protect our homebuyers, we cannot support transactions in which one agent is representing both sides of the transaction.
Homebuyer Representing Themselves
If you have proof of licensing, then you can legally represent yourself. We do not encourage this. Though, going this route includes signing a waiver stating self representation, and paying a 1.25% fee of the purchase price at the time of closing.
Working Without a Realtor
For this scenario, we strongly encourage you to work with a real estate attorney. if you decide to go this route, you must submit a signed waiver stating the attorney who will be representing you. In addition, you will pay a 1.25% fee of the purchase price at the time of closing. The service fee allows us to deliver our stellar support to you on your journey.
Property for Sale by Owner (FSBO)
If you are purchasing a home that falls under this category, then Landed cannot support your transaction until there is adequate representation. Therefore, you will need to be represented by an agent or a real estate attorney.
You can learn all about Landed’s partner agent network and its benefits here.
If you decide to seek representation outside of Landed’s network, there will be a 1.25% fee of the purchase price applied at the time of closing.
Should you have any follow up questions, please contact us at customer@landed.com. You can also learn more about our agent policy here.