Will you be listing my house on the MLS or actually buying it?

Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Calgary that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.

Do you pay fair prices for properties?

Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)

How do you determine the price to offer on my house?

Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Are there any fees or commissions to work with you?

This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).

How are you different from a real estate agent?

Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).

Is there any obligation when I submit my info?

There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.

How to Buy And Sell a House Without a Realtor?

Purchasing or selling a house can be an exciting and challenging process. While many people choose to work with a real estate agent, it is possible to buy or sell a house without their assistance. By taking on this task yourself, you can save money on commission fees and have complete control over the sale process.

However, it is important to be well-informed and prepared before embarking on a For Sale by Owner (FSBO) transaction. This guide will provide an overview of the steps you should take and the challenges you may face when buying or selling a house without a real estate agent. From conducting research and preparing your property to navigating the negotiation and closing process, this guide will help you understand the ins and outs of a FSBO transaction.

How to buy a house without a real realtor?

Determine your budget

Before you start looking for a house, it is essential to know what you can afford. This will help you narrow down your search to properties that are within your budget. To determine your budget, consider all of your monthly expenses, including your mortgage payment, insurance, taxes, utilities, and other debts. You can use an online mortgage calculator to get an estimate of what your monthly payment would be based on the amount you want to borrow and the interest rate you can qualify for.

Get pre-approved for a mortgage

A pre-approval from a lender will give you an idea of how much you can borrow and what your monthly payments will be. This will also help you when negotiating with sellers, as it shows them that you are a serious buyer with the means to purchase their property. To get pre-approved, you will need to provide the lender with your financial information, including your income, employment history, and credit score.

Research the housing market

Research the local housing market to get a sense of what types of homes are available and what they are selling for. Look at online listings, real estate websites, and the local newspaper to get an idea of the current market conditions. Take note of average sale prices, the number of days properties are on the market, and the type of properties that are in demand. This information will help you when negotiating with sellers.

Search for properties

Once you have a good understanding of the housing market, you can start searching for properties that fit your budget and preferences. Attend open houses, drive around neighborhoods you are interested in, and consider reaching out to homeowners in those areas to see if they are interested in selling. When viewing properties, be sure to take note of the property’s condition, size, location, and features.

Consult a home inspector

Before making an offer on a property, it is a good idea to have a professional inspect the home. This will give you an idea of any potential issues and what the overall condition of the property is. A home inspector will check for issues such as water damage, mold, pest infestations, and structural problems. The inspector will also provide a detailed report of their findings.

Make an offer

Once you have found a property you are interested in, you can make an offer. Be sure to take into account the current market conditions and the results of the home inspection when making your offer. Your offer should include the purchase price, the amount of your down payment, and any contingencies, such as a requirement for the seller to complete repairs before the sale is final.

Negotiate

Once the seller has received your offer, they may counter with a different price. This is where negotiation comes in. Be prepared to negotiate and be willing to compromise to reach a mutually agreeable price. You may need to go back and forth with the seller several times before reaching a final agreement.

Close the deal

Once you have agreed on a price, you will need to complete the closing process. This includes arranging for a title search, paying for title insurance, and completing all necessary paperwork. A closing attorney can assist with the legal aspects of the closing process. You will also need to pay closing costs, which typically include loan origination fees, title insurance, and other fees associated with the sale.

By following these steps, you can successfully buy a house without a real estate agent. Remember, buying a house without a realtor requires a lot of time, effort, and research. Be prepared to spend a significant amount of time searching for properties, negotiating with sellers, and

How to sell a house without a realtor?

Analyze your home’s market value

Before putting your home on the market, you should have a clear understanding of its value. This will help you determine a fair asking price and make informed decisions during the negotiating process. You can research recent sales of similar properties in your area, use online home value estimators, or hire a professional appraiser to get an accurate estimate of your home’s value.

Getyour home ready to sell

Once you have a good idea of your home’s value, it’s time to prepare it for sale. Clean, declutter, and make any necessary repairs to make your home appealing to potential buyers. You should also consider staging your home, which involves arranging furniture and decor in a way that highlights the best features of your home.

Market your home

Marketing your home is crucial to attracting potential buyers. You can use a variety of methods to get the word out, including online classifieds, social media, and flyers. You can also consider hosting an open house to give potential buyers a chance to see your home in person. Tips on marketing your property online

Negotiate with buyers

Once you have interested buyers, it’s time to negotiate the sale. You will need to consider the buyer’s offer, their financing options, and any contingencies they may have. Be prepared to compromise and be willing to negotiate to reach a mutually agreeable price.

Handle the paperwork

Selling a house involves a significant amount of paperwork, including contracts, disclosure forms, and title documents. It’s important to have a clear understanding of the legal requirements and to hire an attorney or closing agent to assist you with the process.

Close the sale

After negotiating the sale, it’s time to close the deal. This typically involves signing the necessary paperwork and transferring the title to the buyer. The closing process can take several weeks to complete, so be prepared to be patient.

Get paid

After the closing process is complete, you will receive payment for your home. This can be in the form of a lump sum payment or a series of payments. Be sure to consult with your attorney or closing agent to understand the terms of the sale and the payment process.

Is it a good idea to sell or buy a house without a realtor?

Selling or buying a house without a realtor has its pros and cons, just like any other decision. On the one hand, it can save you money on commission fees, give you more control over the process, and provide more privacy. On the other hand, it may lack the expertise, increase the workload, and increase the risk that a real estate agent would provide.

While it may be tempting to handle the sale or purchase of a home on your own to save money, it is important to carefully consider the potential risks and challenges involved. Many homeowners and buyers find that the expertise and support provided by a real estate agent is worth the cost, especially given the complexity and high stakes involved in real estate transactions.

Ultimately, the decision to sell or buy a house with or without a realtor will depend on your individual circumstances, priorities, and risk tolerance. It is a good idea to weigh the pros and cons carefully and seek advice from trusted professionals before making a decision.

Final Words

You can sell or buy a house without a realtor by doing your research, understanding the legal requirements, and utilizing online resources. However, it is important to weigh the pros and cons carefully and consider whether the cost savings are worth the added workload and potential risks involved. If you are unsure about the process or feel uncomfortable handling the sale or purchase of your home on your own, it may be best to work with a real estate agent.

FAQs

Is it legal to sell or buy a house without a realtor?

Yes, it is legal to sell or buy a house without a realtor. However, it is important to understand the legal requirements and responsibilities involved in real estate transactions, such as filling out the proper paperwork and following local real estate laws.

What are the benefits of selling or buying a house without a realtor?

Some of the benefits of selling or buying a house without a realtor include saving money on commission fees, having more control over the process, and increased privacy.

What are the challenges of selling or buying without an agent?

Some of the challenges of selling or buying a house without a realtor include a lack of expertise, an increased workload, and increased risk.

How can I determine the value of my home on my own?

To determine the value of your home when selling without a realtor, you can use online home value estimators such as Zillow’s zestimate and Redfin, research recent sales of similar homes in your area, and consult with a local appraiser.

How do I handle the paperwork when selling or buying a house without a realtor?

When buying or selling a house without a realtor, it is important to understand the legal requirements and responsibilities involved in real estate transactions. You can consult with a real estate attorney or use online resources to help you understand and complete the necessary paperwork.