First time home buyer

[David Mijares]

Hey BP community!

I am exited because my neighbor has approached me about selling his home (home has been in his family since the 50s) He is asking for 495K its a 2 bed 1 bath home with a 2 car garage and a backyard that has 3 sheds that can be converted to small studios. He would like to sell without a realtor, with a realtor his selling price would be 515K. I have never been a part of a real estate transaction before. I am getting my financing in order now with my co borrower. The lot is around 7800 sq feet. I like the property because i can see the possibility in the house being a long term rental. How can i move forward without the realtor?