Buying a house without any RE agents involved

[Will Stahl]

Happy New Year everyone! I'm thankful to say that all of the great information that this site has provided me with is paying off. I am finally in talks to buy my first rental property! Through a cold calling campaign I've found someone who is looking to sell a property at a good price. We're currently hashing out some minor terms but it seems like were both on the same page. Neither of us are using a realtor, and with this being my first purchase I'm coming here for some guidance about how to should go about this and what to expect. It might be worth noting that I'm already pre-approved for the purchase amount. Feel free to chime in with any input but I do have some specific question in mind that I would like answered. 

• Is my first step to go to my real estate lawyer and tell him the price and terms I'm looking to buy the property for?

• I've been speaking with a mortgage broker. At what point will I want to tell him that I have house I need funding for. I'm guessing this will be after my lawyer contacts the sellers lawyer and both parties agree on the price and terms?

• Do people ever provide their lawyer with they contract want to use? Or do they just inform the lawyer of the contingency clauses they want along with other vital information (such as closing date, price, ect) 

• How much do you normally pay for a lawyer when buying a house?

• What are some notable things I might be over looking that I need to consider?

Any and all input is greatly appreciated. Thank you in advance.

- Will