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Updated over 7 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Jenny Stallings
  • Farmington, MI
1
Votes |
5
Posts

Help!!! I am buying a home for Sale by Owner.

Jenny Stallings
  • Farmington, MI
Posted

I am buying a single family home in Oakland County Michigan as a FSBO. I don't have a buyer's agent representing me. The owner is presented by a family-member that is a broker.

I did my own comparable market analysis and feel comfortable with the price and the terms. It is a cash deal but only 1% EMD (name on check to the seller's broker) and they are allowing an inspection period

However, someone mentioned that I should not use a title company that the owner selected; that didn’t make any sense to me.

Please advise if there are any potentials scams or anything else that I should lookout for. Again, the purchase price is not above market and we like the home.

Most Popular Reply

User Stats

165
Posts
75
Votes
Mario B.
  • Investor
  • CT
75
Votes |
165
Posts
Mario B.
  • Investor
  • CT
Replied

I would use your own title company, it's good to bring your own assembled team to the table @Jenny Stallings

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