| Many people wonder how difficult it is to buy a home | | | | online listings, ask friends if they know of anyone |
| without Realtor assistance. And the short answer is, it | | | | interested in selling, etc. |
| really isn't hard at all! | | | | After looking for awhile, and visiting some open |
| However, there are several different things you must | | | | houses, you'll begin to get an idea of home pricing. This |
| do to ensure success in doing so. | | | | will help you recognize a good deal when you see it. |
| The first step I advise is knowing exactly where you | | | | Once you find a house you like that you are sure you |
| stand financially. How much do you have for a down | | | | can afford, you must then contact the seller or the |
| payment? How much can you afford monthly? It won't | | | | seller's agent to negotiate the details of the purchase. |
| do any good to run around looking at houses if you | | | | Remember to start with a low bid as almost every |
| can't afford to buy one. | | | | offer made on a property will initially be rejected. You |
| If you are planning to use conventional financing (bank | | | | can always come up on your price, so if the seller |
| loan), you'll probably want to speak with a few lenders | | | | comes back with a counter offer, do not be afraid to |
| and get yourself pre-qualified. | | | | counter their counter. Negotiating a good deal can be |
| If you are going to try to finance your new home | | | | very fun (and rewarding)! |
| creatively (seller financed), you will still need to know | | | | Once an agreement has been settled on, the property |
| your budget, how much money you have for a down | | | | will go into closing (called escrow in some areas). If you |
| payment and for closing costs, and how much you | | | | are using conventional financing for the home, the |
| can afford monthly. | | | | mortgage itself will generally close on the same day as |
| There are several ways to purchase houses with no | | | | the signing of the final closing papers. |
| money down and no credit checks, and you may also | | | | If you are using seller financing, the actual date of |
| get the seller to pay all of your closing costs, but these | | | | closing will need to be agreed upon during the |
| houses are still going to require that you make monthly | | | | purchase negotiations. |
| payments. There aren't many sellers willing to simply | | | | Once you've closed on the property, the house is |
| 'give' you their houses. | | | | yours and you can move in! |
| The hardest part about buying a home without Realtor | | | | So, can you do this? |
| assistance is usually finding the house. You will need to | | | | It really only takes some time and some effort. I |
| start driving around the areas you like and look for 'for | | | | believe anyone who wants to make it work actually |
| sale' signs, you can also check newspaper ads, check | | | | can buy a home without Realtor assistance. |