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How to Buy a House Without a Realtor

How to Buy a House Without a Realtor

Buying a house without a Realtor is more difficult than having one. A lot of people want to go away from the help that Realtors offer simply because they do not want to be pressured by someone who may most likely be influenced by money. Though Realtors are trained and offer a lot of help, determined buyers do not want them to get involved. If you are one of those people who want a more hands-on participation in securing your dream home, then read on.

Search homes on ads

It is a good idea to quickly scan the market. Get an idea of the price range and the specifications of the houses for sale. Also, you may want to get a mortgage pre-approval if you are not buying in cash. You will be able to see the clearer picture on what houses are for sale and what houses that fit in your budget.

Contact owner directly

Do not second-guess a house that you truly like. Contact the owners immediately and know how much they’re asking for. Arrange a meet up with them and ask all you can about the house. Make sure to have a list of your questions so you won’t forget any important question. Make sure to write down some pertinent data about the house you are going to buy since you will need this when you compare it with the appraisal.

Get a lawyer

If you have decided on a house, write your offer. You will need a good lawyer for this one. Submit your offer to the owners and hope for a good response. Do not hesitate to bargain for the house if you feel a need to. Get in touch with your lawyer frequently to be updated with the progress.

Hire an inspector

An untrained eye would see everything obvious, but that is not how houses are appraised. You need to hire an expert inspector to see whether the house is as good as the owner says it is. The inspector’s job is to tell you the actual condition and value of the house objectively. This will help you make the final decision on whether to go for the house, make another offer or continue the search for another one.

According to the National Association of Realtors, only 10% of buyers found an agent so search/buy a house. This means that a great number of people have preferred to buy a home without the need for a Realtor. The tips above will help be part of the greater percentage. Do not hesitate to research more before actually buying a house without a Realtor.

You’ve taken the right step towards owning your dream house. Follow through and choose the best one for you. Do not forget to ask for help, either to your friends or family. You may not need a realtor, but you probably will need the advice of your closest friends. After all, buying a house is not something you do everyday even so without a realtor at all.