Updated almost 5 years ago on . Most recent reply
Buying my first primary residence WITHOUT an Agent!
Good afternoon BP,
I found a FSBO I would like to purchase as my primary residence. Me and the owner agreed on a price, and she doesn't want an agent involved to save money on her end. I have a pre approval from a few lenders, and they are just waiting to receive the purchase and sales agreement to lock my rates in, and get the inspection/appraisal process started.
The owner of the property will not be ready to sell until March 2021. My question is, how soon should I send over a purchase and sales agreement to get signed? I wasn't sure if it is too soon to get one signed, or if i should wait until Jan-Feb.
Side info: We came to a verbal agreement on price after I did a walkthrough in early November. In our very first conversation, she said she wouldn't be ready until Jan when she gets her income taxes. A few conversations later, she said she would be ready between Jan-Feb. During the walkthrough, she said she wouldn't be ready until March. My assumption is that she isn't sure what month she will get her taxes, so she pushed it out to be safe.
I'm curious about what you guys think. Thanks!