6 Pros & Cons To Buying a House Without a Realtor
Considering the commissions that agents charge, you might be asking yourself, “Do I need a Realtor or real estate agent to buy a house?”
Pros of Buying a House Without a Realtor
In a U.S. home sale, the seller’s and buyer’s agents usually split a commission equal to about 5% of the property price
Buyers now have access to some of the same information that Realtors do. Historically, agents had lots of insider tidbits about listings.
Cons of Buying a House Without a Realtor
All the Work
You have to be constantly on the ball, keeping a lookout for properties and arranging a time with sellers to visit them.
All the Risk
Without an agent, you’ll need to determine the correct bid price and terms, watch the contract contingency dates, etc.
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