Buying a house is one of the dreams most people cherish to achieve in life, and it is indeed very exciting. You have the power to decide if you need a realtor or not when you want to buy a house. Nowadays, it is prudent to look at dependable property listings from http://sknlistings.com. Here are five tips on purchasing a house without a realtor.
1. Organize and get your mortgage pre-approved
If you plan to obtain a mortgage, ensure that you visit the lenders and give them all details and documents required to prove to them that you can pay off your loan. The purpose of this is to ensure you stand the chance of acquiring the loan. However, if you don’t intend to obtain a mortgage, you don’t have to get anything pre-approved. In both cases, your finances will boost your bargaining power to the seller.
2. Find the houses on sale and contact the homeowners
Depending on your taste and needs identify the area in which you would want to live. Search for houses around the area either online, through the newspaper or a physical search. Preferably contact only the owners to avoid any risks of falling into bad hands.
3. Ensure that find its true value
Once you have identified the house, you need to evaluate its worth and make an offer to the seller. To evaluate the home you can choose to use comparative market analyst (CMA). You may get this from various Internet websites.
The analysis will give you a figure from considerations like; the house location and size as well as the then market value. Alternatively, you can hire an appraiser at a fee. The appraiser will help you evaluate the house and even provide you with necessary documentation for the home.Also, ensure that the house in an excellent condition through hiring an inspector at a fee to ensure so.
4. Get yourself an attorney
You need a lawyer to do all the legal work for you. The attorney will need to draw up an offer for you and help you negotiate with the seller. Once there has been an offer, and the seller has accepted it, there needs to be an agreement drafted by your attorney to meet up all the requirements of a contract.
5. Close the deal
Follow up with your attorney to help expedite the whole process. Your attorney will help you through the entire process and ensure that you have signed the documents.