How does the whole owner to owner house sale work? Will i need a broker company?
2007-09-12 11:36:48 · 4 answers · asked by WebSurfer 1 in Business & Finance ➔ Renting & Real Estate
As the current owner may have liens on the property ,
You need things like a title search done to insure the property is clear , or who is the legal owner (like a lender) .
Additionally , the buyer should have a professional home inspector go through the place with a fine tooth comb .
People do strange things to houses , and often NOT to code (trying to skimp on costs) .
After title searches and inspections , an escrow company can handle the paperwork , although this process varies from state to state .
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2007-09-12 11:43:37 · answer #1 · answered by kate 7 · 0⤊ 0⤋
No I guess it's because I'm a Real Estate agent. I know it can really be challenging. You really need to know how much it's really worth. I couldn't dream of selling my house too cheap. If a house sold in less than a week I would be afraid it was too cheap. Make an agent work hard. That's why we get paid. If it stays on the market 4 months and hasn't sold reduce the price a little. A house is an investment that people pay entirely too much to lose. I need my money, times are hard. Get all you can. My daughter was gonna sell her house and I told her it was worth much more. She sold it for more than she was going to. She got several thousand more than what she originally wanted. It stayed on the market less than 6 months; thats about right.
2016-05-18 00:33:56 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You don't necessarily need a broker, buy you will need a good real estate lawyer. Real estate contracts can be complicated and you want to be sure your interests are being protected. This is important for both the buyer and seller of a property. And they should not be using the same lawyer.
2007-09-12 11:52:26 · answer #3 · answered by Angie 6 · 1⤊ 0⤋
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2015-05-28 17:23:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋