Updated over 8 years ago on . Most recent reply
What is the process of buying a property off-market
How, exactly, do you purchase a home off market? Once you find someone willing to sell, either through driving for dollars or direct marketing what is next? Do you find a real estate lawyer to write up a contract? Do I hire a title company? How do you transfer the funds? Since this is something that is normally handled by a real estate agent, I need someone to take me through this process step by step, please.
Most Popular Reply
Don't bother with the title co yet. Spend a few hundred bucks and get a good local RE attorney to draft you a state friendly purchase and sale agreement. They will walk you through it and explain the in's and out's before setting you free to use it to do deals. Don't hesitate to spend a few hundred bucks on your education from a professional here. (I'm referring to an attorney). It's well worth your money and will help prepare you for longevity in your investment career.
Once you have your contract down and have confidence in your understanding of the terms, you'll know how to talk to sellers as well. Then you sign your contracts, and take your earnest money to title. They'll handle the rest. Title co's aren't attorneys and shouldn't be relied on as such. They're good for tons of other things, though!