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How To Buy a House Without a Realtor | FOR SALE BY OWNER TIPS
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- Опубликовано: 30 сен 2019
- 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:
www.elitesumme...
To learn more about Chandler David Smith and real estate investing go to:
www.chandlerda...
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.
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jesus christ skip to 5:30 for the actual start of what the title says
I'll add a skip to go right past the garbage on SponsorBlock right now
It's done, added a skip for the ending too
You an MVP
If it’s so bad to listen to his story then you don’t deserve his knowledge. It’s amazing that he personalizes his videos and his content is genuine and.... free.
@@MandoCabrera some people want to know the title for a tutorial or tip not spend an extra five minutes just to know what you came for
This is the only RUclipsr that promoted FSBO. Others are just agents bashing FSBO fulltime.
Great video thanks! Do yourself a favour and switch playback speed to 1.5
I watch every vid on 2x
Bro I watch videos on 2x also. I appreciate all this free info, but sometimes they take for ever to get to the point. It feels like they waste our time on purpose since we are not paying for the info 😄🤣
I thought I was the only one who did this. Fast talkers are fast listeners too. Thanks for the tip bro. I enjoy listening to Ben Shapiro but he is a very fast talker! So if ypu switch him to .05 he sounds drunk!! Seriously so funny, that was what someone commented and it's just plain amusing!!
Lmaooooo thank you so much ! Glad I saw this comment at the beginning of the video
I didn’t know this was a thing. Put it on .5 he sounds like he smoked a fatty😂
Thank you for this info. Your music in the background is too loud and distracting
This really doesn't do me a lot of good. What I need are legal steps that I have to take in order to not do the wrong thing buying a home by myself. I don't need haggling tips.
I FINALLY closed on my first rental property in Pocatello Idaho 😀. Its kinda of a crazy story for my first rental and the title company said it was a first for them also, but it's true the first one is always the hardest. Know here comes the next stage finding the perfect tenant fit.
You still alive?
Background music too loud
This is the only video that I found that has actual real information thank you so much❤
Do you think that a real estate attorney is necessary to oversee the contract?
I am a first time buyer so this was very helpful. Thank you!
From FL i am posting my beautiful single family home for sale by owner directly very nice location 15 min away from downtown orlando
zillow FSBO 1074 hamlet Dr Maitland,FL
The title company takes care of everything and saves the seller and the buyer commission . 🎉🎉
Yeah keep trying to go low when it's not justified and the property will get sold to someone else, just offer a good and fair price and not try and get over or just pay what the seller is offering if it's fair.
As an investor in Atlanta I approve this video
Your music is way too loud.
Skip the music
Legally...you need to walk away from the deal within the inspection period, unless its due to appraisal or financing. Seller would have a case for specific performance.
Excellent Video
Does it have be a for sake by owner property to purchase without a realtor?
What about if they are selling “as is”?
Question I had a realtor tell me that I wasn't allowed to use a Re 21 agreement form because Im not a licensed realtor and this person said they would be happy to represent me and fill one out for me is this true and if so what can I use in place of a re-21 purchase agreement?
Thanks for the tip. I am sure it help buyer that will buy FSBO, with out an agent, thanks from subsciber from California.
I usually comment on the video but this time, I'm giving props to the video description! *WHOA!!!* That was a detailed report! But I have a question, Mr. Smith...
When are you gonna let me drive the Tesla? 🤣
Sy Guzman hahaha hopefully you enjoyed it!! You can take it for a spin whenever you want 😜
great info, real helpful !!! you are a blessings !!! many thanks !!!
This guy is best to listen to on 1.25 speed :)
It does make the music sound less like a pornographic movie. 🤣🤣🤣
Interesting and important information. Will you also be doing a video on how a seller can be able to not use a realtor and do a FSBO?
From FL i am posting my beautiful single family home for sale by owner directly very nice location 15 min away from downtown orlando
zillow FSBO 1074 hamlet Dr Maitland,FL
The title company takes care of everything and saves the seller and the buyer commission . 🎉🎉
If you have any questions about a for sale by owner deal or anything else please let me know in the comments below.
Okay, here is my situation and I am looking for some advice. My wife and I are currently looking to purchase a house. We were about to close on one deal and after doing the inspection and the appraisal it happens that the appraisal comes lower than the asking price. Long story short, the seller refused to sell at the appraised numbers and we lose money, time, and emotionally disturbed. Now the second time the seller refused to sign an addendum if the appraisal comes lower to then sell at the appraised numbers. Now we like to try looking to by the owner and we have been approved with the bank. Do you have any advice or how can we start beside what you recommend on this video here. I truly appreciate any help/advice. Sincerely -Jorge in Tampa, FL
And I am sure you will purchase the property cheaper than if the seller dont spend money to pay agent, because usually the agent can sell with higher price if you sell with agent.
Man I was actually about to ask for this video. Good stuff bro! So glad I’m here early!!!
Tommy Mccoy thanks man! Glad you are too! 😜
Great video to teach how one can save money while investing by cutting down the realtor money. Thank you for the video.
Great advice for the 2012 real estate markets. What's the best way to get a house when there is very little inventory and a huge amount of buyers competing for those few houses for sale?
I can help link you up
If Interested, ...
To win an offer should I contact the listing agent directly?
Sorry if someone coming with no appraisals no 1 page addendum and cash that 1 page addendum going straight to trash won’t even be looked at and you lose a deal in today’s market.the less addendums and no contingency’s gets picked all day before the 1 page rules.
How do you prequalify a perspective buyer?
And do you need a lawyer
Excellent video, well spoken, good job!
How about the actual negotiating, in person or through email/offer letters?
I’d do it in person , how’d it go
Holly I suggest over the phone or through email
Do i need a contract to purchase a property? Is there anyway around to switch the deed over to my name?
Yes there is.
I can help links you up, ....
If Interested, ...
Where does your credit score have to be for owner to owner sale?
What is your credit score?
Love it! Thank You!
How do you list a property? Put it on the MLS
And a buyers agent, ok to let buyer use one
Background music is highly distracting/ terrible.
What's the title of the background instrumental? Please and thank you 😁
A thousand likes!!!! Thank you
Hi Chandler, thanks for the good content! Do I need a attorney to draw or look at the contract? Or title company works just fine.
The title company should be fine, but it never hurts to play it safe with a lawyers opinion
What is earnest money?
@@z00p77421 small deposits to to the buyer, to ensure them that you are buying for sure!
When do you apply for the loan during this whole process?
Before you even Start looking you should have a full pre approval letter.
I am glad I found this
Does the lender choose the title company or do we do ?
Is the addendum part of the title paperwork or is there a separate agreement needed between the buyer and seller? Where can we find resources for agreements?
Yes addendum. Any title company can give you the form
11:40 yeah and what if they come out of the gate with their price and they're already low? 😂
Wendy toler can you get a house for sale by owner on a fha loan
Speed X0.75 looks high af
Six percent can save you from losing your home. Not worth my time or the headache. Sounds like you can get rip-off! 😂
Using a realtor is completely stupid. Its just throwing money away because you are too lazy to do it yourself. Period.
It's not me being lazy I have no clue how to purchase without an agent/realtor. I need to know all about this to save money best I can ect.
Like button smashed
Sad thing is that most everyone selling is using agents these days.
Well they’re the ones paying for it, not you. 👍🏼
Glad I subscribed
You talk about the 1% rule , are you financing for 20 years ?
Whats earnest money?
Can you tell us how to buy house without realtor
Yes I can help you,,,,
@Z Malek not if it's a FSBO property
Great
What if my appraisal came in at 377k and the contract price was 380k with Contingency to Appraisal and the inspection repair estimates were $3,230. When I told the seller she replied with $378,500 and I countered with $375,500. She said she would review it. None of us have an agent involved. Isn't this still a great offer for the seller given that there aren't any agents involved?
Yes , how’d it go
Sorry, Chandler, your background music is too loud...its difficult to concentrate on what you're saying when the background music is so loud!
It speaks on how to get huge investment properties to buy , I can links you up
How do get a hood relationship with a title company
This was awesome! Loved this video.
Posted 2 years ago. Pre-COVID market advice for sure 😂
Over 3 minutes 20%, first 3 minutes of presentation, bro go straight to the point.
Dude is steady high.
Can you turn off the music
I got tired listening because of the music
Top
This makes me not want to buy a house
Would you still need a Real Estate Agent to inspect and appraise the house?
Simple nowadays, just put it on the market and it will be gone within a week.
100% scam!!!
on your final note....how would they know!!!!
We Women buy too you know
Spent the first three.minute saying nothing
You are the living definition of slick realtor-bruh. That's never a good look.
15 in 7 years? 🤔
⚡️⚡️⚡️
You talk 2 much, just go straight to the point
Get to the point way to much talking
Bla bla bla go straight to the point
Get to the point OMG
Talk 2 much
So corny 😂🤣
I didn't even watch this because its absolutely 100% pointless. Its literally FREE for buyers to use agents. Sellers pay full commission. Theres not one single reason to not be legally protected and represented by a professional for FREE.
Negotiate 6 % off the asking price
@@ds3602 that’s not going to work? Then the seller would have just used a realtor to begin with lol.