Buying a Property directly from Seller

3 Replies

In case this deal comes along, I don't want to be totally confused.

After you agree on price to buy the Home, What steps should be taking Next

1)Do I get a full property disclosure from seller.  Then Submit Offer Letter?

2)Home INspector

3) Then realestate lawyer Right?  

Totally confused here? 

That Depends. I don't know if NC is an attorney state or a Title Company state. 

I would submit an offer with a 7 day inspection clause. That gives you a week to get an inspector through the home and make sure there aren't any issues.

If he finds issues you can either renegotiate the price or terminate the agreement. 

If you're not paying cash make sure you give yourself adequate time to close and have a financing contingency. You typically want to be atleast pre approved before making offers. 

Buying homes directly from the seller is the BEST way to do it. No commissions, cheaper price, and you talk directly to the man in charge.

if you don't at least have a standardized process already, including agreements on file to use I would be very careful...it sounds like maybe this is your first deal? Feel free to reach out to me off BP if you would like a little help or some sort of limited representation.