Real Estate Agent · Arlington, TX · Member since 2017 · 42 posts · 5 votes
Looking for more opinions and advises. Please dont mind my silly question. :)
Im an agent and planning to buy this condo ( FSBO). Should i use trec form 1-4 contract as usual ? or which is the best way to buy it for myself ? Am I supposed to explain everything in the contract to the seller.
Or Let title company take care of everything ? how do i put the house under contract ( active option ) ? thank you!!!
Speak with your broker or MLS rep as to the contract. After that, you just need to disclose: "I am a licensed real estate salesperson purchasing for my account."
Good luck on price. most FSBO are priced way above market and once you disclose you're an agent he's gonna think you agree with his valuation.
First, just a disclaimer that I am not super experienced with condo sales, but from what I recall:
You should use the Residential Condominium Contract (Resale (with any relevant addenda), have the condo association complete the Condominium Resale Certificate, be pre approved to join the association, and also make sure the seller knows you are the buyer and you do not represent them in the transaction (get this in writing).
Speak with your broker or MLS rep as to the contract. After that, you just need to disclose: "I am a licensed real estate salesperson purchasing for my account."
Speak with your broker or MLS rep as to the contract. After that, you just need to disclose: "I am a licensed real estate salesperson purchasing for my account."
Good luck on price. most FSBO are priced way above market and once you disclose you're an agent he's gonna think you agree with his valuation.
@Ronald Rohde you are correct. When I was active in RE sales, we were able to ball park market value by deducting 10--15% from the asking price of the FSBO's on the market!
Thank you guy for your opinions and advises! Yes I found one that seem to be overpriced but i need to come take a look at the condo before i start negotiate with the buyers.
@Justin Kane Its just my situation and the location. I always prefer single family but yeah. I see you live in San Anotinio as well, do you have any recommendation for condo inspection ? Thanks