How can I buy a house my own (w/o an agent)????

Question

Sale by Owner.

How can we (the owner and I) deal and finance and pay.....etc?

Thanks. I want to buy a small house ($120,000 to $200,000)
I dicide to marry my g/f soon and buy a house either a couple months before or after our wedding and honeymoon. :)

Answer 1

You can but I wouldn't suggest you do. If you use an agent they do all the paperwork for you in your best interest and it is free of cost to you. Plus there are many things that can go wrong in a transaction and after the fact. A Realtor will make sure everything is in your best legally, ex what happens if the owner doesn't disclose a major defect in the wiring of your house and two years later the home burns.. or the roof falls due to lack of a home inspection, you need to know these things and you may miss out on a lot of important things youaren't even aware of.

Answer 2

First off let me say that I am NOT a realtor. Now let me ask, why on God's green earth do you want to buy a home without a Realtor? What do you have against them? I can see why you may want to try to SELL your house without a realtor (to avoid the fees), but when BUYING a house you pay nothing to the realtor. The seller pays the fees. What do you have to gain by not using a realtor? Nothing. What do you have to lose? Money, lawsuits, etc....

A realtor will not only help you find the house of your dreams. But he/she will help you negotiate the best price (so you don't overpay). They will help with all the legalities of the contract, schedule and explain the ever crucial homeowner's inspection, help you obtain financing, homeowner's insurance, and whatever else you may come across in this- the biggest purchase of your life. And all of this for free! So once again I say, why would you even think of purchasing a home without a realtor? No I am not a realtor, but I hope that when you are done reading this you pick up the phone and call a local agent.

Answer 3

You are quite entitled to prepare and submit an offer to purchase on any property in the nation. You may submit said offer to the seller of the property. If that property is listed with an agent, doubtless the seller will give the offer to his/her listing agent to handle. If you are considering purchasing a
'For Sale By Owner' property, you may also prepare and submit an offer to them

However, it makes little sense to do the above when the property is listed by a real estate firm, since all fees concerning the marketing of the property are paid by the seller as part of their listing contract fees.

I urge you to contact a qualified buyer's agent (look for designation ABR). A qualified agent working for you as a buyer's agent will work on your behalf, as opposed to that of the seller. In most cases, the buyer's agent is also paid by the seller.

Answer 4

If you don't want to use a real estate agent, that's your choice. However, you are probably going to need a lawyer to get you through the process. Things like signing a purchase offer, checking to be sure the title to the property is free and clear, etc. It's not an easy process and you don't want to do it without legal protection.