Buying a house is a significant financial decision that requires careful planning and execution. Traditionally, buyers have relied on realtors to guide them through the process. However, in recent years, a growing number of buyers are choosing to forego the services of a realtor and purchase a home independently. This approach, known as “buying a house without a realtor,” offers several potential benefits, including cost savings, increased flexibility, and greater control over the process.
One of the primary advantages of buying a house without a realtor is the potential for significant cost savings. Real estate commissions typically range from 5% to 6% of the purchase price, which can amount to a substantial sum on a large purchase. By eliminating this expense, buyers can save thousands of dollars that can be applied to other costs associated with homeownership, such as a down payment, closing costs, or renovations.
