King bell
VIP Contributor
Homes for sale by owner are properties offered by the seller, so you'll have to find the seller. Start your search with the local broker or a multiple listing service (MLS). If that doesn't turn up results near your home, try searching online. You might also want to ask your Realtor if they know of any homes in the area that have already sold. You might even want to ask around and talk to old neighbors who may know where a house is located. You may also consider a free listing posted to the local newspaper.
One benefit of buying a home through an agent is that you're bound by their licensing requirements to pay it as a commission as a percentage of the sales price. Finding a property through a Realtor may be more complicated because there are many, and don't expect them to give you information about how good the property is valued. Some people choose to use real estate brokerages rather than Realtors because they usually receive higher referral fees and better commission rates for the seller when selling their house.
This is important: Only use licensed real estate agents when buying or selling your home. Most states require that all real estate transactions must be conducted by licensed agents of the state.
One benefit of buying a home through an agent is that you're bound by their licensing requirements to pay it as a commission as a percentage of the sales price. Finding a property through a Realtor may be more complicated because there are many, and don't expect them to give you information about how good the property is valued. Some people choose to use real estate brokerages rather than Realtors because they usually receive higher referral fees and better commission rates for the seller when selling their house.
This is important: Only use licensed real estate agents when buying or selling your home. Most states require that all real estate transactions must be conducted by licensed agents of the state.
