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Forums » Real Estate Deal Analysis and Advice » FSBO properties

FSBO properties Subscribe to FSBO properties

5 posts by 5 users

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Ben Kramarczuk

Homeowner · Stafford, VA


Forum_avatar_avatar-myminvestments

Icon_minipost Aug 23 '08, 10:44 AM

Can anyone give me some info on what exactly what would be needed to be done if you purchased a home without a realtor?

Edited: 06/26/2010 at 05:45AM


Ray Erspamer

Real Estate Consultant · Hibbing, MN


Forum_avatar_avatar-trinket36

Icon_minipost Aug 23 '08, 08:27 PM

each state is different You must find what you need in your state.

Edited: 06/26/2010 at 05:45AM


Jon Holdman

Real Estate Investor · Denver, Colorado


Forum_avatar_avatar-wheatie
ModeratorPro

Icon_minipost Aug 23 '08, 08:53 PM

You'll write a purchase contract with the seller. Give that to a title company (or attorney, if that's how it works in your area), and they will get you through the rest of the process. That's the safest way to be sure nothing is overlooked and all the right paperwork gets recorded.

Edited: 06/26/2010 at 05:45AM

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


Chris Jacob

· Bowie, Maryland


Forum_avatar_avatar-pnoi_evo

Icon_minipost Sep 09 '08, 07:59 AM

You don't need to have a realtor involved.

You would need to have a purchase contract with the seller like Wheatie said above, for your specific state get with other investors at a local REIA meeting to see what they use and put in their contracts or go to a RE lawyer.

And again Wheatie's got it, once you have the property under contract find a reputable title company, preferably one that works with investors and they can guide you through the rest!

Edited: 06/26/2010 at 05:52AM


John Quebedeaux

Real Estate Investor · California


Forum_avatar_avatar-johnnyq214

Icon_minipost Sep 13 '08, 03:44 AM

1) Locate a FSBO
2) Negotiate a deal with the seller, with 20 % or more discount
3) Sign contract including clauses that allow you to show the house. Also have seller sign investor's disclosure notice.

Edited: 06/26/2010 at 05:54AM


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