How To Buy A House Without A Realtor

Buying a home without a real estate agent can save you money on commissions and allow you to shop on your own timeline. Here’s the process you’ll go through to buy a home without a buyer’s agent.

Step 1: Get Preapproved For A Mortgage

When you buy a home without a real estate agent, the first thing you’ll need to do is get preapproved. A preapproval is a way to find out what you can afford so you don’t shop for homes outside your budget. It’s also a way to show sellers you’re serious when you’re making an offer; preapproval shows that your financing won’t fall through.

You can use Rocket Mortgage® to get approved online and see how much you can afford. Just answer some questions about your income, assets and the home you want to buy. Then, we’ll check your credit to give

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Most For Sale By Owner Homes Likely To Need Realtor

An estimated 15 to 35 percent of the available inventory of existing single family homes at any given time will be on the market as “for sale by owner” (FSBO) homes but about 80 percent of those will end up listed by Realtors before they are sold, according to Jack Shelton with Wells Fargo Home Mortgage.

Mr. Shelton, speaker at the monthly meeting of the Women’s Council of Realtors (WCR) at the Chattanooga Golf and Country Club, said about 80 percent of the FSBOs will fail to sell over a period of time and the homeowners will turn to Realtors for help.

He said about 83 percent of home sales are by Realtors. Most homeowners who try to sell their own homes usually don’t understand the market, what it takes to sell a house or the multiple legal requirements in a sale. If running an ad and putting a sign

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