Private Sales: 6 Important Things Home Buyers Need To Know

Traditionally, a home is bought or sold with the help of a real estate agent. However, that person is usually paid a 3-6 percent commission that can translate to hundreds or thousands of dollars. That money is essentially lost profit to the person selling his or her home. Therefore, some people have chosen to sell their homes on their own in an effort to skip paying that commission. As a home buyer, what should you be aware of when attempting to deal with private sales?