Question: I am interested in purchasing the condo I currently rent and my landlord is interested in selling, but that’s as far as we’ve gotten. Do we need an agent for the transaction? Is there anything unique about this type of transaction we should be aware of?
Answer: The sale of a rental property to a tenant is usually a dream scenario for both parties, each realizing financial benefits and simplifying an often-difficult process. The transaction reflects a normal sale except that the buyer and seller have a direct relationship which usually is not the case. Thus the question — should you use an agent?
