My friend is planning to sell a house for ~220K. The house is in Irving texas. Currently, I am staying in a rented apartment near to that place wherein I pay 1750 per month + utilities extra. So question is does it make sense to buy a house?
also, I am planning to buy directly from him without a realtor ? how much this going to save us? or how difficult it would be to close the deal end-to-end?
just trying to see if any one have an opinion or advice here?
thanks for the suggestion.
Also, what is the process of buying directly with our a realtor? is it a difficult process? and how can I get the lender? excuse me .. this is my first deal so asking these questions.
basically what is high level I need to take off
I am in the process of completing my first deal without a realtor. At first I was concerned but with minimal research I was able work through the process without too many stumbling points and I'm sure you can too. You can download a copy of the TREC residential sales contract at the following link...
It is form 20-12
You can find a lender online or at your local bank or credit union and I found mine to be extremely helpful when it came to questions regarding process.
I'm sure there are tons of people here that can offer much more info and advice but I would be happy to share my experience with you and answer any questions(that I can). The good thing about a realtor is that they can pull comps for the area you are planning on buying in and make sure you are getting a descent price for the home. From what I've seen and heard zillow is definitely not to be trusted.
Cheers and good luck!
Curt Lutringer, thanks for the link. I will give it a shot. Let's see how it will go. I will post question if I am stuck some where...
Thanks every one.
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