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Updated over 1 year ago on . Most recent reply

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Buying First SFH without an Agent

Andrew Rellinger
Posted

Hello, I found this vacant home and am in contact with the owners. The owner said they plan to put it on the market, but would be willing to sell it before then as long as the offer is right. They said they would like to sell it at market value after they have it appraised. I would be using an FHA loan to buy the house and I am pre approved. I have a few questions here:

1) How can I convince the owner to sell under market value? 

2) How can I add value to make up for them selling it to me under market value? 

3) Is a real estate agent necessary? How do I go about the sale without a real estate agent (what forms do I have to fill out, how do I get a title company, what paperwork do I need)? 

4) Is the risk worth the reward for doing this without an agent on a first home purchase?

Any other pieces of advice are welcome. 
 

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