Did you know that you can easily buy a house without a real estate agent in Detroit? There are a few strategies to buying on your own. Learn more about how easy it can be in our latest post!
Detroit real estate agents can help you in many ways, however, it is not always necessary to hire one when you are buying a home. By avoiding agents, you and the seller will be able to save time and money. Sometimes a straightforward approach, without any middlemen is the way to go!
Go To The Source
The fastest and easiest way to buy a house without a real estate agent in Detroit, is to work with a professional such as Freedom Acquisition Management LLC. Like many of you, we are real estate investors looking for the best deals available. In turn, we resell the properties we buy at tremendous savings to both investors and direct buyers looking for a home of their own. We spend an extensive amount of time researching the properties we buy and only offer the best to our buyers. We have done all the homework on these properties so you don’t have to.
The DIY Method
It isn’t necessary to hire an agent to help you buy a house in Detroit. If you choose to look for properties on your own, here are a few tips to help you.
Learn As Much As You Can About The Market
Before signing n the dotted line, learn all you can about your local market. Take a look at what properties are actually selling for, how long they are listed before selling, and the types of people buying in the area. You should also research planned future development in the area so you know what to expect down the road.
Learn How To Create An Accurate CMA Report
A CMA report, or a Comparative Market Analysis, it typically performed by an agent. However, using the recent sales data for your neighborhood, you can create one too.
Work On Your Negotiation Skills
You will need to be a shrewd negotiator in order to get a great deal on a house without hiring a real estate agent. Keep all your research data handy and set limits for yourself. Don’t budge on what you will and will not pay.
Look Both On And Off The MLS
While you might find the occasional deal on the MLS, these are often scooped up quickly by professional investors. Some of the best deals out there will be off the MLS. Knowing how to find them is the tricky part. Do some networking and talk to other investors in your area. They will often be able to provide tips on where to look and possibly let you in on the deals they pass up. Joining professional real estate groups is a great way to get your foot in the door.
What To Watch Out For
Shotty Repair Work
Sometimes people will do anything to sell a house, and that means covering up major problems with shotty repair work. Make sure all repairs are up to code and that the proper permits were pulled.
False Promises of A Turnkey Property
What is considered turnkey to one person, may not mean the same thing to someone else. Don’t rely on someone simply saying a property is turn key, then finding out the house actually needs a new roof.
Deals That Are Too Good To Be True
If it is too good to be true, it probably is. Do your homework, and if a property is priced low… find out why.
Problems With The Title
A cloudy title can be a huge problem for property buyers. You don’t want to buy a house and find out months down the road that someone else is making an ownership claim to the property. Save yourself the time and hassle by working with a great title company in the Detroit area.