I'm selling my house private?

Question

i have a buyer who has made me an offer which we hav excepted where do we go from here?

Answer 1

Get the contact details of his solicitor/conveyancer. Give him the contact details of your solicitor/conveyancer. If you are selling a flat, also give him the contact details of your property management company. Forward his details onto your solicitor. Let solicitors take care of it from there.

Answer 2

Different states operate differently. If you are in a "lawyer" state, you should hire a lawyer to draw up the contracts and (best case scenario) the buyer should have a lawyer to represent him.
Then you might want to work with a title company to make sure title is passed properly and legally (the lawyers may have title companies they work with).
In many states you do not need a lawyer. You can draw up contracts yourself or have a Realtor use standard real estate contracts. In most states like this (like Nevada where I am) the Realtor can represent both sides or different Realtors can be used for either side (usually more expensive). The Realtors are responsible for the legal contract work including all disclosures and legal documents required by law.
The Realtors in these states use Title/Escrow companies. The escrow officer is a neutral party that makes sure all parties have done what is legally necessary and holds all monies in escrow until the deal is done and money is distributed. They also usually provide title insurance and record the deeds, although you can hire different companies to do that.
Make sure that when you get an offer and have an accepted contract that you get an "earnest money deposit" and have an escrow account to hold the money.

Answer 3

You need to have a properly drawn & signed contract to have a binding deal or you are asking for trouble. Get a lawyer. You will need one to close the deal anyway, because if the buyer's title company or lawyer has to do your closing documents they'll end up billing you almost as much as the lawyer would have cost, while you won't get any protection.

Answer 4

Are you really asking the public at large how to sell the largest asset you have? Did you price the home correctly? You need to consult a Realtor. They know how to price homes correctly, negotiate terms, overcome objections, and how to complete the many contracts needed in a real estate transaction and get the transaction closed. Find a Realtor in you area quickly!!

Answer 5

I need to make sure you do have the offer in writing on an offer to purchase contract for for sale by owners. Sometimes you can find the contract on line to download. Get with your attorney with all the information on repairs, closing dates and make sure your buyers do have an approval from their bank, you can ask them about this and they can provide this to you. Most of the time their bank will take care of the apprasial and survey for them, but this is the buyers job to get done not yours, it is their loan not yours. Check to make sure with your attorney in your state on all laws to this effect. Most of the time the next step after and offer to purchase is a home inspection and this is the buyers job not yours. They may have a list of repairs they may want you to complete, so please get with your attorney to see if what repairs you need to do or not. Try looking for the offer to purchase for sale by owner on www.realtor.com

Answer 6

I would recommend contacting Real Estate, Marketing and Negotiations Expert, Chris Harris, from http://scbuyshouses.com

He can consult/coach you through the negotiations process to get you a smokin deal, as well as the paperwork process.

Answer 7

Get a lawyer or you may find that you gave it away...

Answer 8

Get a lawyer, its to complicated to do it yourself, and to risky.