Skip the Agent: Steps to Buying Your Home Independently
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Buying a house without a real estate agent can save you 5–6% in commission fees, but you’ll also have to handle tasks agents normally do. Knowing each step—and when to ask for help—will make the process smoother and more confident.
The process breaks down into several stages:
- Mortgage Pre-Approval
Start by comparing lenders to get a pre-approval letter. This document shows sellers you’re a serious buyer and defines your budget. Rates for a 30-year fixed mortgage are currently around 6.5%, but this varies by credit score and down payment.
- Property Search
Without an agent’s MLS access, use public portals like Zillow, Redfin or local Multiple Listing Service websites. Attend open houses, network in community groups and monitor courthouse listings for upcoming foreclosures.
- Title & Legal Review
States like New York or Illinois may require an attorney to oversee closings. Buyers should verify local requirements and hire a qualified real estate attorney or title company to review deeds, liens and zoning issues.
- Making an Offer
Drafting a competitive purchase contract involves setting the right price, contingencies (inspection, appraisal) and earnest money deposit—usually 1–3% of the offer price. Many buyers use National Association of Realtors (NAR) templates as a starting point.
- Inspections & Appraisal
Schedule a home inspection immediately after your offer is accepted. Inspections usually cost between $300–$600. If the appraisal comes in low, you’ll have to renegotiate the price or pay the difference in cash.
- Final Walk-Through & Closing
Confirm all agreed repairs and verify property condition during a walk-through 24–48 hours before closing. Closing costs are 2–5% of the sale price and include title insurance, recording fees and lender charges. You’ll sign documents at a title company office or, in some states, electronically.
Buying without an agent means cost savings and full control, but it requires time, research and attention to legal details. It’s recommended to consult a licensed attorney or a transaction coordinator in your state to navigate contracts and closing requirements.
