How to buy without a realtor refers to the process of purchasing a property without the assistance of a real estate agent. Individuals who choose to buy without a realtor, also known as “For Sale By Owner” (FSBO), take on the responsibilities of both the buyer and seller, including marketing the property, negotiating the sale, and handling the legal paperwork.
There are several reasons why someone might choose to buy without a realtor. Some individuals may wish to save money on the commission fees typically paid to realtors, which can range from 5% to 6% of the purchase price. Others may prefer to have more control over the buying process and make decisions independently. Additionally, in certain markets with a limited inventory of homes for sale, buyers may find it advantageous to work directly with sellers to gain an edge in securing a property. Historically, FSBO transactions were less common due to the complexity of the real estate market and the perceived need for professional guidance. However, with the advent of the internet and the availability of comprehensive online resources, more and more individuals are choosing to navigate the home buying process on their own.
