Buying a Home Without a Realtor

Thursday, August 24, 2023   /   by April Castillo

Buying a Home Without a Realtor

Buying a home without a realtor, also known as a For Sale By Owner (FSBO) transaction, is possible but requires careful consideration and thorough preparation. Here are the steps to buying a home without a realtor:

  • Determine your budget: Establish a budget for your home purchase by evaluating your finances, considering your down payment capability, and getting pre-approved for a mortgage. This will help you understand your purchasing power and narrow down your search.

  • Research and identify properties: Utilize online real estate listings, local classifieds, and other resources to find properties that match your criteria. You can also drive through neighborhoods of interest to spot "For Sale" signs. Additionally, consider attending open houses or contacting homeowners directly to inquire about potential sales.

  • Conduct thorough property research: Once you find a property you're interested in, conduct detailed research. Evaluate the property's price in comparison to similar homes in the area. Review public records, property tax information, and any available history or disclosures related to the property. Consider hiring a professional inspector to assess the property's condition.

  • Prepare an offer: Determine the appropriate offer price based on market research and the property's condition. Prepare a written offer that outlines the purchase price, desired contingencies (such as financing and inspections), and proposed closing timeline. Seek legal advice or use standard purchase agreement forms available in your area to ensure all necessary details are included.

  • Negotiate with the seller: Submit your offer to the seller and engage in negotiations. Be prepared for back-and-forth discussions to reach an agreement on price, terms, and contingencies. Remain open to compromises and maintain effective communication throughout the negotiation process.

  • Secure financing: If your offer is accepted, work with a mortgage lender to finalize your financing. Provide the necessary documentation, complete the loan application process, and secure a mortgage commitment letter. Perform due diligence in understanding the terms, interest rates, and closing costs associated with your loan.

  • Complete inspections and due diligence: Arrange for professional inspections of the property to identify any potential issues. These inspections may include a general home inspection, termite inspection, radon test, or others based on your location and property type. Review the results and negotiate repairs or credits with the seller as necessary.

  • Hire an attorney or title company: Work with an attorney or a reputable title company to handle the legal aspects of the transaction. They will ensure the necessary documents, such as the purchase agreement, title search, and closing documents, are properly prepared and executed. They can also provide guidance on local laws and regulations.

  • Conduct a final walkthrough: Before closing, schedule a final walkthrough of the property to ensure it is in the agreed-upon condition and any negotiated repairs have been completed.

  • Close the transaction: Attend the closing meeting with the seller, the attorney or title company representative, and any other necessary parties. Review and sign the closing documents, including the deed, mortgage agreement, and other legal paperwork. Pay the required closing costs, transfer funds, and receive the keys to your new home.


While buying a home without a realtor can save on commission fees, it is still best to work with an experienced agent who can assist with, or may even prevent, any unforeseen conflicts. If you’d like more tips on how to ensure a smooth home buying process, feel free to give us a call or send us an email. 

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The Sexton Property Group at Keller Williams Realty Yuma
Ed Sexton
2553 East 24th St
Yuma, AZ 85365
Daniel Jackson
Senior Loan Officer
NMLS# 169485
Office: 928-726-7266
Cell: 928-550-8744
Fax: 928-792-2231
Daniel.Jackson@novahomeloans.com

Daniel Jackson NMLS #169485 | Nova Home Loans NMLS #3087 | BK#0902429 | Equal Housing Opportunity

This data is provided by the Yuma Association of REALTORS®, Inc. Multiple Listing Service. Real Estate listings held by brokerage firms other than Ed Sexton - The Sexton Property Group / Keller Williams Realty Yuma are marked with the Broker Reciprocity (SM) logo or the Broker Reciprocity thumbnail logo. This information is deemed reliable, but not guaranteed.
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