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buying a house without a realtor?

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capri posted 5/11/2013 19:34 PM

I'm thinking of buying one directly from the investment company that owns it.

Does anyone have any experience doing this? Do their lawyers draw up all the paperwork, or how is this done?

somanyyears posted 5/11/2013 19:47 PM don't need a realtor, but do your homework..

..get a house inspection and also get your own lawyer to make sure everything is done to protect your interests.


LadyQ posted 5/11/2013 19:58 PM

We bought our first house without a Realtor. We'd been renting it for about 3 years when the owner decided to sell. We got an inspection done and I had a friend who worked for a title company who walked us through all the particulars. It worked out well because the seller wasn't trying to put anything over on us, and we knew exactly what we were buying. I definitely agree to have a lawyer look over the contract.

feelsgaslighted posted 5/11/2013 21:01 PM

Just did that, the house we rented we bought from the seller. We went through a lady that was highly recommended to us at a mortgage lending company and they pretty much did everything and sent to the Title company. It took us a couple of months to get done because where we live we were able to get a rural home loan. We signed a purchase agreement with the seller and got with the mortgage lender and went in to sign papers with her once, then about 7 weeks later we were signing the papers at the title company. We were lucky the guy we bought from was so helpful.

Mama_of_3_Kids posted 5/11/2013 22:15 PM

Definitely work with a lawyer and get a home inspection. Make your offer contingent on a home inspection. Hope you have good luck finding something

capri posted 5/12/2013 22:27 PM

I've found something that's absolutely perfect for my family and business, and quite unique. It costs next to nothing, seems so far to be structurally sound. The problem is, it's 90 miles from where I live and work. Part of my plan is to phase more of my income into what I earn with my business, which I can conduct from anywhere, so still lots of decisions to be made.

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