Real estate investments are quite common these days. However, is it possible without a realtor? This is one area which has attracted a lot of debates and consideration. Can you actually buy real estate without a realtor? Is this even possible? You may wish to bypass any realtor or agent altogether and this may end up to be a smart decision in more ways than one. Firstly, it might help you access a wider selection of homes as agents often focus only on showing homes that they wish to dispose off quickly. Alongside, you do not have to pay a lump sum amount as commissions to a realtor. However, there are a few steps that need to be taken in order to buy real estate without a realtor. These tips and tricks are listed below:
- Approval for mortgage beforehand is very important. You should get full financing before you start looking at houses yourself. Pre-approval of the mortgage will also help you determine a particular budget to go real estate shopping with. You can also negotiate with a seller accordingly
- You have to find houses that are listed for sale. This is the major road block to working without a realtor. However, there are various methods to find houses and apartments for sale. You can find a wide variety of properties for sale in newspapers, magazines and local neighborhoods. There are a variety of real estate websites to help you find home for sale as well
- The above options may be mentally draining. In this case, you have to check out free real estate classifieds. These free classifieds will help you find homes for sale in you city or any other Indian city of your choice. You are assured of finding quality properties for sale at great prices. These classifieds websites totally negate the need to buy real estate with realtors. Rather, you can use these websites totally for free instead of paying a hefty commission to the realtor
- Always talk directly to the owners of the homes you are looking at. Try to schedule dates for visiting all these properties and ask all relevant questions without any ado. Alongside, make sure all your doubts and queries are redressed without any difficulties
- Try to do your own research and work out the actual value of the property. You can take help from online websites in this regard. This will help you determine how much to offer and will also help you negotiate the deal cleverly with the seller
- You can get hold of appraisers for thorough property evaluation and this will only cost you a small fee
- Always get your contracts and legal documents drawn up by any attorney who specializes in real estate
Buying real estate without a realtor is possible if you play your cards. Online classifieds portals take a lot of problems out of the equation in this case. Use these tips to buy real estate yourself with utmost courage and confidence.