I am looking at buying a house from someone that isnt listed by a realtor. Never bought a house without a realtor. Any advice on what I need to know, forms I need, expected costs, how to make an offer, etc. Thanks!
I have bought 2 homes this way. Get a lawyer that works in real estate. He will put the offer together for you and make sure you are protected. He will also help on the closing. When you are setting the price to offer remember they are not paying commissions and lower the price accordingly.I am looking at buying a house from someone that isnt listed by a realtor. Never bought a house without a realtor. Any advice on what I need to know, forms I need, expected costs, how to make an offer, etc. Thanks!
Thanks! Any advice on what I shoukd pay for as the buyer and what they should pay for as the seller?I have bought 2 homes this way. Get a lawyer that works in real estate. He will put the offer together for you and make sure you are protected. He will also help on the closing. When you are setting the price to offer remember they are not paying commissions and lower the price accordingly.
I have bought 2 homes this way. Get a lawyer that works in real estate. He will put the offer together for you and make sure you are protected. He will also help on the closing.
The lawyer will put in inspection, radon test, etc.I would recommend not buying the house without having an inspection done. Find a reputable local inspector and have them look the house over. It doesn't cost much and gives good peace of mind.
You can put an offer in pending an inspection if you would like, and back out if the inspection finds something major.
Talk to lawyer. You can always ask them to pay all closing cost.Thanks! Any advice on what I shoukd pay for as the buyer and what they should pay for as the seller?
I am looking at buying a house from someone that isnt listed by a realtor. Never bought a house without a realtor. Any advice on what I need to know, forms I need, expected costs, how to make an offer, etc. Thanks!
Biggest thing is getting an inspection done...always get an inspection and I recommend going as far as getting the sewer scoped to make sure the line isn’t slowly collapsingI am looking at buying a house from someone that isnt listed by a realtor. Never bought a house without a realtor. Any advice on what I need to know, forms I need, expected costs, how to make an offer, etc. Thanks!
Bought and sold last 2 homes all for sale by owner. I'd honestly not do it any other way. As others have mentioned, inspection is one of the big things to get done prior to the purchase. Utilize a lawyer for the paperwork and you're all set. Some FSBO transactions do an appraisal up front as well. Then you know what the house is actually worth and since the market is good, you'd likely pay above that at least a little bit.
The offer is mainly a handshake agreement that you put on paper and then later meet with the lawyer to make it official. Good luck!
I've done it twice, didn't need a lawyer. Title company has all the forms you need.
Did anyone have the seller provide disclosure forms? Did you negotiate verbally then follow up with written offer or written offer only?
It depends. Seller pays the commission, so if the seller is not willing to take 6% of the asking price, you're not saving anything as the buyer.Congratulations! you just saved 0.06 x say250000 = $15,000 or 300,000Libre.
I am sure some realtor will come on here and give me a dislike or call me xenophobic or something....but real estate industry needs a correction in relation to the rest of the economy where people are making things or building things or otherwise being productive.
Yes, a good reputable lawyer is desirable...and a local hometown George-Bailey-type might still exist to help you. Yes, the poster had a good point about the inspector too.
6 percent.....it still blows my mind.
It depends. Seller pays the commission, so if the seller is not willing to take 6% of the asking price, you're not saving anything as the buyer.
Did anyone have the seller provide disclosure forms? Did you negotiate verbally then follow up with written offer or written offer only?