How To Buy Real Estate Without an Agent. By Warren Gold of Tampa Florida

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Save Money and Buy Real Estate With Out a Agent

How to be successful in real estate with out an agent.

In some cases, it can take less than two weeks to get a real-estate agent license. So why use an agent to improve home sale?

There are a number of advantages to selling a home.

For homeowners, there are thousands of reasons to bypass real-estate agents selling property is easy "If you cut out all agents ... essentially cutting out on average about 6% of commission," says Warren gold of Tampa Florida "On a $300,000 home, that's about $18,000 of savings." But despite this huge potential savings, many home sellers — especially in today's tough housing market — think that a real-estate agent's expertise is essential.

Gold begs to differ and offers five reasons home sellers don't need agents:

1. Just point and click: With the rise of online real-estate search tools, homeowners are no longer beholden to real-estate agents for the resources and information they need to sell property. "The Internet has essentially changed the face of real estate," Gold says. "It's essentially leveled the playing field across the market."

2. With the emergence of online platforms designed specifically to market the homes of sellers not affiliated with agents — such as For Sale By — homeowners no longer need agents to get their property in front of prospective buyers, Gold says. Plus, "agents leverage the Multiple Listing Service as their primary 'marketing tool,' "Gold says. But "anybody can access that if they want to pay for it." (Homeowners can put their homes on the MLS for a couple of hundred dollars, according to For Sale By

3. Agents aren't appraisers: Appraisers — not agents — are the key to getting an accurate home valuation, Gold says. "An agent is going to give you their perspective based on what they are seeing, [but] they have no true professional training in that aspect,"Gold says. Home sellers working without an agent can obtain the services of an appraiser on their own for roughly $200 to $300, he says. "Even if an agent is used, an appraiser is still needed,"Gold says.

What's is the home worth?

4. Agents aren't lawyers: At the same time, real-estate lawyers — not agents — are responsible for ensuring that documents and other legal matters pertaining to the sale are in good order. "There is a myth out there that the agent helps with this paperwork," Gold says. "They may offer direction, but they are not legally capable to provide that expertise." As is the case with appraisers, independent home sellers can find a real-estate attorney on their own to handle the legal aspects of the process, he says.

5.Do what an agent can: The main service that real-estate agents provide is convenience, 'Warren Gold of Tampa, Florida says'. All of the services they offer — finding a real-estate attorney, coordinating home viewings and so on — can be done by any homeowner willing to put in the effort. "Remember that a real-estate agent license takes under two weeks to get," Gold says. "So after those two weeks, that person can be in charge of the selling or buying of a person's home, which is one of the largest financial assets in a person's life."

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Frank Sterly
Real Investors
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