So You’re Buying Homes without an Agent, Can You Handle It?
Think you can buy a home sans a real estate agent? Why not? Nevertheless, if you’re trying to purchase a home on your own, try to brace yourself for all the necessary researching, double-checking of the documents, and the needed diligence on your part to go about in the process of buying a home without an agent.
1) First and foremost, find a mortgage lender and obtain a pre-approval for a mortgage. In this way, you’ll have an idea which houses are within your budget range based on how much financing will be available for you. That’s why a pre-approval letter from your lender is a must before even venturing out for your house hunt.
2) Have a list ready of what are your standards and non-negotiables when it comes to your desired home. The basic factors to be considered are: lot size, age of home, the neighborhood, the amenities, number of bedrooms and bathrooms and proximity to the places you go to on a regular basis.
3) Right after identifying your requirements, you can now begin your home search on your own. In the absence of an agent, make use of a notebook so that you could enumerate all the homes you’re considering. Be thorough enough to do your homework like finding out about your home area. Things like the area’s air quality, noise levels and crime rates are just as important.
4) If you already got that top 3 homes that fit your qualifications, now you can schedule a showing with the seller. You might want to tell their realtor about this or even directly with the seller of the home. Also helpful will be the open houses which are being held in any of the neighborhoods you’re targeting.
Though it’s highly possible to buy a house on your own, it’s still a comprehensive process. You will also be the one to handle in negotiating the price with the seller. You may also want to consult a real estate lawyer to review the purchase contract prior to executing it.
And who says that the buyer would have to pay their agent commission on the sale? That’s the biggest misconception in the real estate world. The sale commission is in fact paid by the seller and not the buyer. Got it? Good. Now it’s time to think about if you need an agent or buy it on your own.
With or without real estate agents, Mesa Arizona Real Estate and Homes for sale in Gilbert are very much worth your every cent.
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