While it is most common to have your home buying process be facilitated by a realtor, it’s not the only way to go about it. Eliminating your realtor will put a bit more work on your plate, but eliminates the extra fees you’ll owe them. Before sifting through the properties for sale in London, be sure that you have everything else in order.
Know What You Want
Realtors are experienced in making decisions based on your wants and needs. They can negotiate and stand their ground, without losing what it is you’ve laid out to be important. Now, without a realtor, you’ll have to do this on your own. To go into a negotiation situation, you have to know exactly what it is can’t budge on.
- Your wants: Consider what you want, and whether or not you can waver on that.
- Your needs: Before going into the negotiation, know what you absolutely cannot give up. Don’t let yourself be swayed in one direction or the other.
- The budget: You have a budget, and you need to stick to it. Your realtor would negotiate based on what you can afford, and you should do the same.
Hire an Attorney
If you aren’t going to have a realtor on your side, it’s necessary that you have an attorney. There are a variety of legal aspects that go into purchasing a new home, and your attorney will be well versed in how the process works and what to look out for. TotalMortgage.com suggests, “Using the services of an attorney can help you and the seller come to an overall agreement after you have agreed on the price.” Let an attorney be your financial guide.
- Contracts: It’s likely that neither you nor the seller have experience writing contracts. Be sure that you don’t miss anything important, and cover all your bases by having your attorney take care of it.
- Down payment: Having an attorney give you an appropriate down payment will save you from a costly mistake.
- Closing dates: While the seller may want you in as soon as possible, don’t be pushed if you shouldn’t. Refer to your attorney for the proper closing practices.
Work With Other Professionals
There are a variety of other professionals in the real estate field that can be just as beneficial as a realtor. When it comes to finances, home worth and equity, you want to be sure you’re taking the right actions and making the best decisions. Take advantage of these two necessary home buying professionals.
- Loan officer: The experience of a loan office will be beneficial in guiding all your financial decisions.
- Home inspector: Don’t pay more for a house than it’s worth. Working with a home inspector can ensure that you are paying a fair price for what is there now and what might need to be fixed down the line.
Buying your home without a realtor may mean more work, but can benefit you in the end. Taking advantage of other professionals, and staying firm in what you want will be all you need to find the best home for you.