Dos and Don’ts of Buying a House Without a Real Estate Agent


Are you considering buying a house without a real estate agent? This can be a very challenging task, and if you do not have any experience, it would be a wise decision to gather all the necessary information that will help you to finish the whole process successfully. It is possible to buy a house without a real estate agent, of course. However, the main question is whether it is a wise move? Click here for more information about the Home Buying Process. Let’s find out how to buy a house on your own. 

Things To Consider When Buying A House Without A Real Estate Agent

As you can assume, it is way more difficult to buy a house without working with someone who is experienced in that field. Therefore, you have to think about all the responsibilities that are waiting for you through the whole buying procedure. 

You Won’t Have As Much Market Knowledge


One of the advantages of real estate agents is that they have access to real estate property listings. Therefore, they know from the start which houses are on the market and what qualities they have. A real estate agent will take into consideration what are your wishes and requirements and then find properties that can meet your needs and be suitable for your budget. Therefore, if you do not have an agent, you will prepare yourself for digging into a research process by yourself. 

Negotiations Can Be Tricky

Since they are very experienced, real estate agents have incredible negotiation skills. Therefore, if you are going to buy a house without an agent, you need to prepare yourself for the negotiating process. More precisely, you need to decide how much money you are ready to offer and stick to it. If you do not proceed with a negotiating process correctly you can risk losing your house. Therefore, you need to be confident and realistic. 

There’s A Lot Of Paperwork Involved

One more thing you need to prepare yourself for is that a lot of paperwork is waiting for you through the purchasing process. There is going to be a lot of documentation and you need to manage them by yourself. 

How To Buy A House Without A Real Estate Agent?

Now, let’s talk about the step you need to follow in order to buy a house on your own!

Apply For A Mortgage


The first thing you need to do when you are buying a house without a real estate agent is get preapproved. More precisely, a mortgage preapproval will help you get to know what properties and houses you can afford. In that way, you will not consider houses that are outside of your budget limit. Additionally, you will show sellers that you are very serious when it comes to making a purchase offer. There are many different platforms where you can get approved online and see the houses that you can afford. You will need to answer some important questions, share documents about your income, assets and select the houses you want to buy. 

Research The Neighborhood

It would be a wise idea to check the area you are considering. For instance, you can ask around what is the average selling price in that neighborhood and at the same time see do you like that neighborhood. In that way, you will know how much money you can offer for the house and not let the seller require more money than it should. Also, you will have a chance to see whether the house is in the area of public schools, whether it is near your work or whether it has public transportation. 

Find A Property

After you choose the neighborhood that suits you the most, you should start looking for houses on the market in that area. Logically, find the ones that are suitable for your budget and then track the list of properties that can be right for you. When you find the one that you like online, you can visit it virtually or in person. If you can not find the open houses scheduled, try finding the contact to request a tour. Remember to pay attention to every single detail of the house condition while you are looking around. Also, ask what is included in the sale because all of these factors will be crucial when you are considering how much money to offer. 

Ask For A Seller’s Disclosure


A seller’s disclosure is a very important document that contains a list of all known issues in the home. This document can even tell a buyer what remodeling work a seller did on the home in the past. There are many things that you can see on this document and some of them include 

  1. Different structural issues
  2. Issues with plumbing, heating, or electrical systems
  3. The presence of lead paint, radon, or asbestos
  4. History of damage from termites or other wood-boring insects
  5. Toxins in the soil
  6. Mold and water damage

Make An Offer

After you find everything about a house and its history, and you decide that you are satisfied with the house’s condition and that you want to buy it, you need to make an offer. This part can really be tricky. Therefore, always consider the prices of other houses in that same area, the condition of the house, as well as how long, did the house was on the market. Generally, prepare yourself for the negotiating part. 

Negotiating and making the Disclosure


You should know that you have the right to hire an inspection that will reveal hidden problems with the house, that even the seller does not know about. The inspector will give you and the seller a clear picture of the house’s condition. If the inspection reveals some problems with the house, you can start with the negotiating process with the seller. After you reach an agreement with him, you are ready to close on the loan. Prepare the right paperwork and close the deal.