How To Buy a House Without a Realtor | FOR SALE BY OWNER TIPS

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Chandler David Smith
Published at : 12 Nov 2020
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This video explains how to close on a for sale by owner property without a realtor. Learn how to save 6% in realtor fees, negotiate the best deal, and close with confidence (paperwork and all).

In this video Chandler David Smith is going to show you exactly how to buy a house without a realtor. He is going to explain how to do the paperwork, what you need to do to protect yourself, and everything else you need to know so that you have the confidence to save the 6% in realtor fees and close on the perfect property for you. Buying a house for sale by owner can be scary, but this video will calm your nerves so that you know how to buy a house without a realtor.

In the last 7 years Chandler has done sixteen real estate transactions and he now own over 63 doors of buy and hold real estate. Of these deals, seven of them were for sale by owner deals that he went through the whole process by himself. These deals were always intimidating because Chandler didn’t have a realtor to fall back on. However, they were also the most rewarding because he was able to negotiate and close the whole deal on his own. Without a realtor and Chandler was always able to find the best deals and save a ton of money by avoiding the realtor fees and separation on the negotiation. Chandler talks about how his first deal was his favorite deal because he didn’t know what he was doing at that point. He found a listing on craigslist, negotiated the deal, and then met the seller at the title company. When Chandler showed up the agreement was already written up. He signed it and handed the title company the check and that was that. Looking back this terrifies chandler because he could have gotten taken advantage of in half a dozen different ways and so this video was made to help other first timers know how to buy a house without a realtor.

For Sale by Owner Tips

Why you should Do for sale by owner deals
You get to negotiate in person (realtors are their so you don’t get emotional)
No realtor fees
Relationship based transaction so usually people leave the property with you in better shape
Strait communication so nothing gets lost in the back and forth and it takes less time
Realtors are great and can deliver huge value but 6% can go a LONG way if you know what you are doing

For Sale by Owner Tips

5 steps no how to buy a house for sale by owner
1. Get a good connection with a good title company
a. They will handle the pay off and make sure title is clean and all good to go in the for sale by owner process
b. The will also walk you through the for sale by owner paperwork
2. pre approval letter and/or proof of funds
3. negotiate with confidence
a. relationship with title company
b. pre qualification letter
c. proof of funds
d. can close in 10 days
e. build connection with seller
f. build value and confidence in you as a buyer in for sale by owner process
g. finally, kindly devalue their property and put in a low offer. Speaking first where you think the price should be and shooting low to anchor gives you a huge advantage over asking if they will drop at all. Be the kind, likable and professional
4. Understand the for sale by owner paperwork
a. Purchase price
b. Closing date
c. Inspection timeframe
d. Earnest money (if you are not satisfied with the inspection you get all your earnest money back)
e. What all is included in the purchase when dealing with for sale by owner real estate
f. Closing costs
5. Deliver on commitments

#howtobuyahousewithoutarealtor #buyingahouseforsalebyowner #howtobuyahouseforsalebyowner

To learn more about a job opportunity for summer sales just as I did, go to:
https://www.elitesummersales.com/

To learn more about Chandler David Smith and real estate investing go to:
https://www.chandlerdavidsmith.com/


Check out some other videos if you want to learn more about investing in real estate, building a huge passive income or preparing for your own future home.

How to get Approved for a Home Loan?
https://youtu.be/FNZAqceass4

HOW TO INVEST 5000 DOLLARS IN REAL ESTATE
https://youtu.be/UImRzPf7pbw

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https://www.instagram.com/chandlerdavidsmith/

Facebook
https://www.facebook.com/chandler.smith.73
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