Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

26
Posts
3
Votes
Michael Malloy
  • Flipper/Rehabber
  • Dallas, TX
3
Votes |
26
Posts

How to buy a FSBO with no realtor on either side of transaction?

Michael Malloy
  • Flipper/Rehabber
  • Dallas, TX
Posted

I'm about to buy a wholesale FSBO in Texas for a flip and I'm not coming with a realtor either. Negotiated the price down since the seller wouldn't have to pay any BAC. This is the first time that I've taken this approach and the seller is relying on me to hold his hand for him too. So it's kind of like the blind leading the blind here. (I understand that any licensed Realtors will respond to tell me that I should only use a realtor but please just understand that I'm definitely not going that route this time around.)

Basically, I've made him an offer below the asking price and I'll be paying all of the closing costs. Is there any online template that I could follow to ensure that I've filled out the contract correctly? How do I ensure that he has supplied me with all of the proper disclosures in order to submit the contract over to the Title Co?

If there's some sort of step-by-step instructions that I could access that would be great. Thanks in advance for your responses!

Most Popular Reply

User Stats

4,613
Posts
2,995
Votes
David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,995
Votes |
4,613
Posts
David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Michael Malloy,

Your attorney should be able to help you close safely and successfully.

Please don't try to DIY - you'll thank yourself later on ...

Loading replies...