My Investing Notebook :: Learning from the pros; making decisions on my own. ::

Are you looking to buy a house? Why pay a 6% commission to a real-estate agent when you can buy directly from the seller? This way of buying is getting more and more popular. I’m listing several best sites that list the houses for sale by owner.

ForSaleByOwner.comGoneHome.comOwners.comPrivateForSale.com

However, if you want to buy direct, you’ll have to do some of the work yourself — not that difficult. But hey, with the ridiculous prices of the houses now, you’ll save $10-15K, not bad.

Too Expensive. Are houses too expensive? I think so, that’s why if I’m not going to come across a great deal, I’ll wait for the houses to go down a little. Housing market is similar to the stock market: after the run-up, it’s due for correction. C’mon, houses are to the point where people no longer can afford them! I think we’ll see some correction within next couple of years. But, after that, they’ll climb again, as they always do.