I want to see my home to my current renters, how do i do that without a real estate agent?

Answer 1

You need to consult with a lawyer first. Most will give you a free consultation, but you will have to pay them if you use them. A lawyer will take you through all the necessities and keep you safe from unintentionally breaking laws.
Realtors have so many "laws" that they have to abide and going in without knowledge could be risky...

So, talk to a lawyer and then decide if you should go it alone....

Answer 2

There are a lot of factors involved, first of all you need to make sure that your tenants are qualified to purchase the home by a lender. Make sure if at all possible that the lender is a local lender or mortgage company, this will save alot of headaches when you are trying to find out what is going on. . Ask a local agent for a good local lender, it really does make a difference. If they are qualified then you need to agree to terms, price, escrow period, what is included in the sale etc. and take an earnest money deposit (at least a 1,000 dollars) this can be done at the escrow/title company if you are in a state that does not require an attorney in order to close the escrow. If you are in an attorney state call one of the local title companies and get a reference for a good real estate atty and pay them to draw up the contract and close the deal. Make sure your buyers/tenants also have the home professionally inspected which will protect you and them to a certain degree.Even though they have been living in the home there could be things that they are not aware of that a good home inspector would find and could save both of you from possibly ending up in court later. Hope this helps

Answer 3

You will need to get some type of contract. The contract should state the sales price, down payment if any, interest rate, number of years that you will allow the buyers to pay you off.

Normally you would get anywhere from 5-10% down payment, however that is up to you to determine as well as the interest rate.

You would want to charge an interest rate of your choice, but I would get some type of credit report and try to keep the interest rate so I could earn a decent profit from my money.

The terms for this type of transaction is normally a 30 year amortization with a 5-10 year call date. They would pay you as if it is a 30 year mortgage, but in 5 or 10 years they would be required to refinance the house and pay you all that is due at that time.

You can always roll the mortgage when the 5-10 years are up.

Now you need to call a closing agent or escrow agent. They will want to see your contract you have drawn up and all concerned hav signed.

They can recommend a title company to record your deeds or you can get one out of the telephone book.

These two companies will take you through the rest of the process, just follow their instructions.

The escrow will make you a deed of trust and note in your favor showing the terms of the transaction, the monthly mortgage amount, the loan amount, how long you have allowed for them to pay you.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 4

Are you are saying sell not see? If so agree on a price and if you get a purchase contract you can get one from a title company, if you are wanting someone to close the deal for you they will do title searches for the tenants, if they want it they can get title ins. also. Or you can have a real estate attorney do it for you.
You could this yourself with just a
quit claim in exchange for the money , but
the renters may want a bit more security if they aren't familiar with title searching. But sounds like you may need some professional help.