can you buy a home from an indevegile with out going through a realtor?

Answer 1

Yes you can...but judging by your spelling you may want to stick with a realtor. If you use a Buyer's agent, it is the seller that is responsible for paying the commission rates. Also a buyer's agent will help you identify clear problems. Buying a home outside the box is possible...but it is a lot of money to gamble that you've dotted every "i" and crossed every "t".

Also, this will vary depending on the area you live in. In the midwest--realtors and title companies handle all of the legal changes of ownership when property changes hands. I know in the northeast, it isn't uncommon for lawyers to do these things instead...so this may be different where you live versus my experiences.

Answer 2

Well, go try it alone! Ever done a Title search? You gonna need a lawyer at least, for all the paperwork (it's your biggest investment) and Lawyers don't work for peanuts. If you trust the selling agent, be in for a surprise, because without a contract with you, he has no fiduciary duties to you, only to the seller. If you sign a contract with the selling agent your better off getting your own agent, better negotiating with your own agent. You do want to find out about liens or other eventual people who might have an interest in the property. Exes, Sons and Daughters etc. They seem to appear out of nowhere sometimes. Realtors seem to be not needed and there are some less desirables, but interview a few and you'll won't regret it. They also can get you price-reductions after you signed a PA. Because, for you own protection, get a home-inspection. I could go on...for a few thousand dollars you may save, a good Realtor will make that up in your new Purchase Price.

Answer 3

Sure you can. One note in regards to the other people who have said that the buyer doesn't pay, it is the seller who pays the Realtor. This is technically true- the seller pays a commision which is then split between the buyer's and seller's agents. However, the ultimate source of that money is the buyer, because the seller would be willing to sell for less money if he/she didn't have to worry about paying the realtor. So even though the seller "writes the check" to the realtors, it is the buyer who ultimately pays. You may be able to negotiate a better price directly with the seller by cutting out this expense- for example if the house was sold for 100,000 and commision 5% = 5,000, the seller really only receives 95,000. You could cut the realtor and offer 97,500- then you get the house for 2,500 less (down from 100,000) and the seller gets 2,500 more (up from 95,000). So basically everyone is better off without the realtor (except the realtor of course, which is why they'll try and scare you into sticking with them).

Answer 4

wheres that? im sure u could but why would u want to realtors dont charge u anything for their services they only get paid when u buy a house and the money doesnt come from ur pocket it comes from the sellers.

Answer 5

Yes, But you should have a lawyer do the documents. There is sooooooo much that can go wrong. Those forms you get at the business store will not cover.

From environmental, lead paint, mold, outstanding leins... you name it.

Also in most states you can have a broker do only the paperwork for a reduced fee. In most states this is called transaction brokerage.