Save money on your next house by skipping a Realtor! Before you start, there are a few things you should know. Here are some tips on buying a house and skipping Realtor commissions!
Work Directly With The Seller
A great way to save money when buying a house in California is to work directly with a seller to purchase their home. At We Buy California Houses for Cash, we can help you buy a house without using a real estate agent so you can keep all the money you would have spent on commission and repairs.
Narrow Your Search
Before you begin your search for right home or investment property, define what you are looking for. Set your criteria, and stick to it. Avoid wasting time analyzing houses that don’t precisely fit your buying criteria. This will keep you from wasting time and even worse, money. Determine which area(s) you are interested in, house size, lot size, budget, condition, features, etc. It is ok to be flexible, but define the areas where you are firm first and then work your way backwards to determine the optional items that make the most sense for your long-term happiness and/or profit. Remember that for investments, your personal opinion is secondary to what makes sense on paper.
Before you start the process of acquiring a property, you will want to have some financing in place. This will help you jump on the right deal and not miss any. Usually, cash buyers either use private money or hard money to purchase. This allow them to close fast. Of course, cash buyers also use cash but not as often as you may think. Once a home is repaired, it will qualify for traditional financing and sometimes a buyer can even get some money at the end, such as the BRRR strategy. If you have more time, you can go straight to the traditional lender. Just plan ahead as it will take up to 60 days for their loan to get underwritten. Many sellers also require proof of funds so don’t waste anyone’s time by making an offer you aren’t able to follow through with.
Monitor The Market
When searching for the right property without the use of an agent, you’ll need to do a lot of the work the agent would have done for you. This means always knowing what is available, how the market is performing, and who is discounting their homes and when. You’ll want to know how the market is behaving and have a good idea of what to expect next. Our team is always here to provide market insight and to help you analyze properties you are thinking about purchasing. It all comes down to doing your research when trying to buy a house without a real estate agent in California.
When you work with us, we will notify you when a property is available that fits your criteria. You’ll never have to worry about missing out on a house or property that would have been right for you but was unfortunately sold to someone else. Just tell us what you are looking for, where and at what price. Also, include if you do major rehabs or cosmetic flips only. Usually, larger rehabs have less competition. As soon as your right property comes up, we will alert you.
View The Homes You Are Interested In
Once we identify a property you may want, we will reach out to schedule a walk-through. When you walk the property, you will be able to determine a repair cost. You can bring your contractor with you if you would like. Also, enjoy the peace of mind knowing the title is clear and you aren’t working with a team who will buy and sell just any property. We know what our buyers are willing to pay and try our best to only reach out to you if we are confident that a property has a good chance of going your way. We want you to make money so you buy from us over and over. We’re completely transparent, so you will know exactly what you are getting with every home purchased. Be sure to look at a few options before making a purchase. This will help give you some perspective as to what’s available.
Once you’ve found the right house, its time to make an offer and close the deal! When handling things on your own, it’s a smart idea to have a lawyer look over your contract to make sure everything looks good. If you purchase with California Houses for Cash, we will ensure the closing moves along quickly and easily. Before you know it, you could be the proud owner of an investment property in the California area!