Investor · Sewickley, PA · Member since 2017 · 59 posts · 32 votes
Hello everyone.
We have a great realtor that we work with, but we are also interested in making an offer for a house that is not currently on the MLS or up for sale even. I know that people do this everyday, but I wanted to hear your advice for making a cash offer on a property (in Pennsylvania, especially) using a real estate attorney or other approach. We know the neighborhoods pretty well and have information from the county websites as well as some experience, so we would like to try this approach on our next purchase. WDYT BP?
Rental Property Investor · Drums, PA · Member since 2017 · 345 posts · 365 votes
8y
Hi Karen- I’m up in NE PA and closed on my second cash deal 2 months ago. The process was fairly simple and worked out great. The owner listed the property via newspaper and after reaching out to his Ad and taking an inspector through the building, we agreed on a price.
I then called the title company that did a previous deal for me (with a realtor) and told them I was buying a house direct from a seller without realtors.
They sent me a boiler plate sales agreement which I filled out and sent to the seller. He signed it and sent it back to me.
The rest was like any other closing, we ran title and 10 days later met at the title office. I provided my title company a cashiers check and they provided the owner with his check.
Done deal 😁
Is there anything specifically you were wondering about?
Investor · Asheville, NC · Member since 2017 · 506 posts · 404 votes
8y
@Gen SteMarie, what percentage of people respond to your offers? I'd hate to have too many and then I can't move on all of them and look like I didn't know what I was getting into (because I didn't). lol Also, how do you account for unknown conditions in the house? Or do you just say something about pending a home inspection and you change the offer if it needs serious work?
Rental Property Investor · Drums, PA · Member since 2017 · 345 posts · 365 votes
8y
Shawn Clark thanks. I went with the title company to process the closing because they also provide me with my title insurance. The seller was a bit “unique” ;) so I wanted to make sure all the T’s were crossed and I’s dotted.
Real Estate Investor · Scottdale, PA · Member since 2016 · 16 posts · 0 votes
8y
@Karen S. I have used Metro Settlement Services as a title company in the past buying a fsbo property. They're located in Greensburg. They were great to work with.
Hi Karen. I found this old discussion thread while researching the mechanics of an all-cash property purchase without representation from an agent or attorney. Interestingly enough I am also in the Pittsburgh area. I was wondering if you have any recommendations for a Pittsburgh title company adept at handling all-cash direct deals between buyer and seller. Also any other insights into these deals in general or specific to the Pittsburgh area would be greatly appreciated. Thanks!
Rental Property Investor · Pittsburgh, PA · Member since 2016 · 60 posts · 38 votes
7y
@Jon Neumann call the Greater Pittsburgh Settlement Company. PM me for their number, but it pops up in a google search (it won’t let me post it here). They’re located downtown right next to PPG Paints Arena.
This is a part of Scolieri Law group, which is a team of real estate focused attorneys. We love Phil & team. I’m sure they’ve handled all cash transactions, and they handled our “no agent” (but we had financing) deal last fall.
Hi @Lacee Beitler. Thanks so much for the helpful advice. It means a lot to get a recommendation from someone who has already done a similar deal in the area. If I can get the seller to agree to a price I will definitely recommend the Greater Pittsburgh Settlement Company to help us finish off the deal. I'm just looking for someone who can provide title insurance and serve as an unbiased facilitator to help close the deal and insure that all necessary forms are filed with state and local authorities. Sounds like the folks at Greater Pittsburgh Settlement Company should be up for the task. Best - Jon.