exact step by steps on what to do after your clients says "DEAL"

exact step by steps on what to do after your clients says "DEAL"

Rockton, IL · Member since 2018 · 21 posts · 4 votes

I made business cards and went door knocking on houses that were going through pre foreclosure, one guy was interested in selling me his house, I did some research in the neighborhoods prices before I started, this guy would sell me his house for 40k, worth about 90k after only 5k of repairs since im a handyman and can do a lot myself.

after I left his house after the deal was made, I was unsure of the next steps I have to go through to buy the house, do I contact a realtor now and tell him I want to buy this house and the owner agreed to this much? or can I do it without a realtor to avoid fee's 

do I just go to the title agency? help! just got the deal a couple hours ago

Im a newbie but trying to learn as I go so here I am lol

0Reply
23 views

2 Replies

Jump to latestLatest
  • Member since 2018 · 20 posts · 4 votes
    7y

    you can draft your own contract to purchase the house with the terms, closing date, escrow company, title company, who pays what, etc...

    or you can find a realtor and offer him 500-1000 k (1.5-3%) to make the offer for you

    or you can find a real estate attorney to do the same

    or you can buy a purchase form from real estate attorney so you don't have to draft your own.

    not sure about particulars in Illinois though. someone better may be able to help 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.