2006-06-24 14:42:43 · 9 answers · asked by bpjd21 1 in Business & Finance ➔ Renting & Real Estate
Yes! If you are interested in the property - present the seller with an offer to buy letter to be reviewed by their attorney. You must list the price you are offering and any other comments like in lieu of expection by your engineer, a termite inspection etc. You will need to give a copy of this letter to your own attorney and ask the seller to give you their attorney's name and contact # if they are interested in your offer.
2006-06-24 14:49:54 · answer #1 · answered by Kasha 3 · 0⤊ 0⤋
Now let's consider how you will go about selecting a property. Very easy, single, close to work and you find a small unit and buy it. How many people will get this solution right? Will it fit? You have four kids all go to schools and have friends around, would you just buy a property there?
Say you live in San Francisco. At a given time there are atleast 25,000 properties listed. You need just one. Just go pick one? Right?
Once you select a property, how much do you offer? What is your eligibility? How to structure your finances? What kind of mortgage will be right for you?
Even about the property, has it been inspected? If the inspection points to some faults, what is the mitigation and what are the financial implications? What features are desirable? Is it in a fire hazard zone? Is it in a flood zone? what are the financial implications?
What are the steps in closing? How does one protect your interests? Will you be able to back out of the transaction without any financial impacts?
A good Realtor will be in a good position to help you understand houses that will appreciate better. As much as a Financial planner is to your money, and helps you grow your net worth, a good Realtor will help you invest in a property with great value based on your current situation.
Yes, this is only a partial list of questions that a Realtor will help you with. If you think you can answer these and much more with experience in the area, you should certainly buy without a Realtor.
I hope that helps.
I am myself a Realtor in California.
Update 6/26:
Additionally, a Realtor goes through about 300 pages of Technical, architectural, legal and local regulations during a transaction, if it were not for an experienced Realtor, you would need an Attorney, Architect, a structural engineer, a local regulations expert. Not that you will not need these services, but a Realtor will help you decide what services you should use at what times.
2006-06-25 17:13:39 · answer #2 · answered by amolheda 3 · 0⤊ 0⤋
I did and now I am a realtor. There were a lot things that we did not know about and regret. Since you are the buyer you pay nothing. I always help my clients if they decide to buy a for sale by owner even if I don't get paid. You need to find a realtor you can trust and can help you through the process.
2006-06-24 18:30:59 · answer #3 · answered by 3Gbz 1 · 0⤊ 0⤋
Hello there...yes you can buy a house without any agent but if you dont have to pay anything to agent ( cause you are a buyer) then whynot to use their services they can advise you so much, thru them you can come to know so many things about that house which may be a possiblity that seller will not tell you if you will go directly. rest is upto you.
2006-06-24 17:37:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
you could desire to purchase components on the information superhighway and without seeing he components. you additionally can hire a close-by actual components agent to administration the valuables. you could desire to evaluate making an investment in a actual components investment have faith (REIT) you does no longer be an energetic palms on investor, yet variety of like possessing inventory with you possessing a definite proportion. you may have no say in what the REIT purchase nor what section the valuables is available. based on your investment settlement you may get carry of dividends month-to-month, quarterly, semi-per annum or per annum. There could be a manger of the REIT suited come to a decision while and what to purchase. Your threat does no longer be as super, in view which you would be variety of like a proportion holder. This basically an option plan for making an investment in actual components. you may could desire to talk with acquaintances and kinfolk with a view to make an clever determination approximately your investment attitude as properly as your investment goals. i'm hoping this has been of a few earnings to you, good success. "combat ON"
2016-12-08 12:23:10 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Yes, we did. We have been here for 8 years.
2006-06-24 14:48:45 · answer #6 · answered by kristy2163 3 · 0⤊ 0⤋
agents are optional LAWYERS are mandatory! never buy or sell real estate without a lawyer,it's cheap insurance
2006-06-24 15:16:33 · answer #7 · answered by badmts 4 · 0⤊ 0⤋
******MUST REALTOR GET PAID FROM THE SELLER*****USE THEM*****
http://575nomoneydown.com
2006-06-25 14:20:58 · answer #8 · answered by ron d 3 · 0⤊ 0⤋
...............................................I only wish.
Never, never, never again with one of those.
2006-07-01 08:30:51 · answer #9 · answered by ed 7 · 0⤊ 0⤋