Hi I have some bidders for my condo and I am selling it myself. Once I have a seller for the price I want. What is the next step??? DO I get a lawyer and have him write up a contract? What is after that step. Please help....
2007-10-11 08:26:43 · 8 answers · asked by David W 2 in Business & Finance ➔ Renting & Real Estate
Contact a reputable settlement/escrow company to do the paperwork. They have atty's on staff to do that sort of thing.
2007-10-11 08:32:49 · answer #1 · answered by Sharon 3 · 0⤊ 0⤋
First, in case you do not have a written settlement from the 1st woman, you haven't any legal duty to her. a settlement is only valid as quickly because it extremely is in writing, has been known (signed) and popularity has been communicated returned to the offeror. it extremely is between the main reasons you opt for a Realtor that can assist you you contained in the merchandising technique. it might seem which you have critically underpriced your residing house to have that many human beings involved. needless to say, you ought to deliver a settlement to the 1st woman and easily pass from there yet you will in all likelihood be getting much less for you apartment than it is well worth. the different determination may be to do a Memo to purchaser (do not do 5 contracts as though extra suitable than one individual signs and indications, you're in enormous difficulty as each and all of the contracts may be valid and enforceable) to each and all of the involved events with an quantity which you will settle for and take the 1st one that comes with a settlement it extremely is acceptible. in case you are trying this nevertheless, be forewarned which you've got the skill to run every person off and finally end up without involved events in any respect. final yet not least, as already pronounced, confirm all provides are observed via a pre-approval (not pre-qualification as there's a distinction) letter from a superb lender (no cyber web lending companies). that would not unavoidably assure you that they could have the skill to get a private loan besides the indisputable fact that it extremely is extra useful than not something. In thinking any provide you with get, don't be too speedy to bounce on the only that's the optimum. an grant for much less money yet with an more suitable down charge ought to very properly be a extra useful grant. undergo in ideas, the extra they're financing, the better the possibilities are high that the loan must be denied. needless to say, a money grant is the final you may get yet regardless of that, confirm they provide information of money with their grant.
2016-10-06 12:28:33 · answer #2 · answered by savitz 4 · 0⤊ 0⤋
I'm not being mean here...but you need to contact an attorney to guide you through this process. You may have already made mistakes that may cost you in the future. Do you have an offer in writing? Are there any contingencies that they buyer has requested? Did you take a deposit and what did you do with it? To protect yourself and your assets you should get an attorney ASAP.
2007-10-11 09:39:01 · answer #3 · answered by Jay P 7 · 0⤊ 0⤋
I think your question assumes that your buyer won’t have an agent. If they don’t, you must protect yourself and have a lawyer draw up your contract. If your buyer has their own agent, it might be worthwhile to have your attorney review the offer to make sure you fully understand your responsibilities. Do not wait until you have a ready buyer, contact one now so that you know what to do if someone does choose to buy your home.
Do not use an office supply store contract!
2007-10-11 08:40:57 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Any office supply store or title company will have some fill in the blank forms to transact RE. If anyone brings you an offer with many contingencies or language you don't understand, take it to a RE attorney.
Make sure you have all the disclosures required in your area.
2007-10-11 08:36:16 · answer #5 · answered by godged 7 · 0⤊ 1⤋
Get a FSBO pack From a title company. full out the PA and other disclosure. Make shire you have a pre-approval letter from a mortgage company.
2007-10-11 09:01:46 · answer #6 · answered by s_uperdave 3 · 0⤊ 0⤋
Go to a mortgage broker and get thier contact info and refer your buyers to them- tell them to come back to you with a preapproval. The mortgage broker will arrange title insurance, appraisal, and the mortgage, and the will show you how to get a agreement of sale.
2007-10-11 09:23:40 · answer #7 · answered by kylekd4 1 · 0⤊ 0⤋
http://www.audrie.com/forms_and_contracts_fsbo.htm
2007-10-11 09:49:43 · answer #8 · answered by Anonymous · 0⤊ 0⤋