Need advice on buying off-market property w/o an agent

Real Estate Agent · Brandenburg, KY · Member since 2015 · 277 posts · 68 votes

Hey BP folks! I hope you're investing endeavors are going well.

Tough market right now in the area and price range I'm looking, low inventory.

I found an off-market property from a landlord that's tired and wants the property gone. If I move forward with this deal, how do I move forward? Who needs to be involved.....attorney, title company? If this works out, I'll be paying cash, no mortgage.

Thanks in advance.

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
10y
@Jeremy Jackson - title company should be able to handle everything. Get a NAR contract from state your in and use that for the agreement - best place to get one is find an investor friendly agent on BP and they typically will provide one for free or a small fee
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Tom V.
IA · Member since 2015 · 304 posts · 152 votes
10y
@Jeremy Jackson
If you have an agent, you could ask if they would be willing to do the paperwork on the transaction for a flat fee. My agent has offered to do this for a flat $500.
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Jeremy Jackson
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Real Estate Agent · Brandenburg, KY · Member since 2015 · 277 posts · 68 votes
10y
@Tom V.
@Chris Seveney
Thanks for the feedback. I've sold 2 like this without an agent. First one was 10 years ago and I used an attorney. Second one, I found a buyer and just used my agent to handle the paperwork. Didn't think of that on the buying side. Sounds like I'll be lining up a title company and talking to my agent in the morning. Thanks again.
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