Buying a house without a Realtor is easy. There’s no requirement for the buyer to have a Realtor; however, most sellers will have a listing agent representing them. Many MLS broker databases allow members of the public to search for listings directly on their websites, or you could search on your own on any number of popular, public property search websites. Is Buying a House Without a Realtor Wise? No. Buying a house without a Realtor may be easy, but it is the opposite of wise. You’re not saving any money by not having a buyer’s agent, and you miss out on the opportunity for free guidance from a real estate professional who only represents you. Many first time home buyers will dismiss the idea of having a buyer’s agent because they feel like they don’t need any help. After all, they can easily find virtually any listing online, so why do they need an agent to represent them? Wouldn’t this agent just be another middleman that gets in the way? This couldn’t be further from the truth. A great buyer’s agent will scour the web and the MLS for both private and public listings that specifically meet your needs. You might get access to pocket listings that are only seen by brokers. Most importantly, your buyer’s agent will guide you through the home buyer process, from submitting an offer to closing. A buyer’s agent will also be a great resource for you should you need any referrals to other real estate such as lawyers, home inspectors, contractors, designers etc. Most importantly, having a buyer’s agent doesn’t cost you a dime. The seller typically agrees to pay a fixed commission rate, say 6% on average, regardless of whether the buyer has an agent or not. If the buyer chooses to waive their right to free, buy side representation, then the listing agent simply collects both sides of the commission. Here’s a tip. If you seriously don’t need any help searching, consider signing up for a buyer agent commission rebate where your buyer’s agent will give you back part of the commission that he or she earns. Rebates are legal in 40 US states and are considered to be an adjustment to price, vs income. Benefits of Buying Property Without a Realtor One of the main benefits of buying property without a Realtor is that you may be able to get a quicker response from listing agents who are excited by the prospect of earning double commission. Be warned, you may lose much more than time if your buyer’s agent is incompetent. If so, it’s much worse to have an agent than to not have one, especially if your buyer’s agent is unresponsive or too busy for your deal. Interested in learning more? Check out www.hauseit.com to read our step by step guide to buying a house without a Realtor.