Buying a house directly from Owner!!!

4 Replies

A few: Sort of the same with an agent. make contact, See the property, make offer, in writing, include contingencies (sale of your house, approval of all inspections, getting appropriate funding, etc) come to possible agreement on price, have all wanted inspections done (maybe including termite, septic field, sewage lines, etc) read and understand papers possibly from the title company (when I sold mine, I used paperwork provided by the title company). Negotiate a lower price if inspections warrant that, do a walk through the day of signing, and if everything is still okay--no squatters etc-- go sign the papers, pay the money, get the keys, change the locks and move in...

I would guess I might have missed a step or two...

k. I made contact with owner and quickly did a walk through already. Next step would be to write a agreement of sale...then p&s contract with contingencies? Do I open up escrow with the title company beforehand or when the P&S contract is signed?