Im buying a house from the owner and neighther of us know what is the next step?
Do I the buyer go straight to an Escrow company and make offer to them ??
2007-03-21 07:16:39 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You present the offer to the seller.....You can go to your local title company and they will have the forms for you to fill out....If you feel more comfortable, you should have your attorney look over the contract just to make sure you are dotting all your i's and crossing all your t's......After an offer has been accepted, then you take it to an escrow, title company.....
2007-03-21 18:31:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Your next step would depend on which state you are buying this house in because each state handles the buying and selling of property differently.
If you don't know the next step, chances are you should be using a real estate agent.
Most agents will complete the real estate deal for a smaller fee since there is already a buyer and seller in place and all they have to do is the paperwork. It would be worth it to both of you to find an agent that will do the paperwork for you to avoid complications in the future!
2007-03-21 18:49:58 · answer #2 · answered by Rrrr 3 · 0⤊ 0⤋
Now is the time to visit your family attorney. Keep in mind that most attorney's offices are staffed by several attorneys. Usually, one of the lawyers will take care of most of the firm's real estate business. That is the attorney you need to talk to.
Buying real estate is the biggest purchase most people make in a lifetime and it should be done right. Your attorney can provide you a purchase contract, guide you through the pitfalls, and protect your interests. In the end, it will be worth every penny you spend for this advice and guidance.
You might be tempted to split the cost of the attorney with the seller, but that is usually not a good idea. Such a situation creates a conflict of interest for an attorney. If the seller wants the advice of an attorney, let him/her get his own counsel.
Good luck with your real estate purchase.
2007-03-21 14:29:11 · answer #3 · answered by exbuilder 7 · 1⤊ 0⤋
You really need to get a Realtor. This is going to be a bad process without one.
2007-03-21 18:51:57 · answer #4 · answered by frankie b 5 · 0⤊ 0⤋
thats is y u should be using a realtor. its for ur own benefit.
2007-03-21 14:25:51 · answer #5 · answered by bigizz75 4 · 0⤊ 1⤋