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Reply to "Buying without agent: what are the concrete steps I need to take?"
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[quote=Anonymous][quote=Anonymous]I know it's been discussed to death, but couldn't find a comprehensive list of how to actually make an offer / close on a house if I'm self-representing. I might end up going with a rebate broker, but would at least like to understand all of the steps were I to self-represent. Here are the steps I understand so far along with questions on stuff I don't understand: - Get pre-approved - See house, either by: 1) open house; 2) contacting listing agent but pre-clearing with them that I'd be self representing and would want to put buyers agent commission towards closing. If neither of these are options, I have to go with a rebate agent? - Pre inspect: need to see if the listing agent will open home for inspection; if not, presumably I need an agent, or have to forgo an inspection, correct? - Make offer: work off of template from friends' offers or engage lawyer to draw it up. Get details from listing agent on how to submit? Include an stipulations on how buyer's agent commission is handled in this offer? - Choose title company, lean on their attorneys for help with closing if offer accepted. - Wire EMD to title company for escrow (or give them a check to hold for the seller in the EMD amount). Am I missing anything? And for some of the steps (seeing house, pre-inspection), it seems like I need an agent if the seller's agent won't play nice, correct? I'll likely go with a rebate agent, or see if the seller's agent is amenable to take dual repping and taking 1% for herself, rebating me the rest. If it matters, we are buying in DC, will decide on the house we want without the help of a buyer's agent. Thanks![/quote] You're buying in DC, and think you have a chance without an agent? [/quote]
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