Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
New Member Introductions
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

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

Loading replies...