- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Buying a for sale by owner home
Posted on 12/15/14 at 6:29 am to ItNeverRains
Posted on 12/15/14 at 6:29 am to ItNeverRains
Back to your other questions....the seller draws up the purchase agreement, you give him a check for your earnest money, and your bank or lender handles the closing. Your purchase agreement should specific that it is contingent upon an inspection (after which you can either renegotiate to address any deficiencies found) and contingent upon your financing. It will also have a termination date by which you must either close or break the agreement. Do you need to sell your present house? If so, your off can be contingent upon finding a buyer for your house, but most sellers won't accept that as a condition unless the market is really slow.
If you know absolutely nothing about buying/selling, do some research on the process before you sign a FSBO purchase agreement. You need to understand your rights should the inspection reveal deficiencies or the deal begin to sour due to some other matters.
If you know absolutely nothing about buying/selling, do some research on the process before you sign a FSBO purchase agreement. You need to understand your rights should the inspection reveal deficiencies or the deal begin to sour due to some other matters.
Posted on 12/15/14 at 6:50 am to hungryone
If it was me, I would offer to give you realtor 1k out of your pocket to handle the paperwork. That was the realtor gets something and you still don't have to do anything.
Popular
Back to top
Follow TigerDroppings for LSU Football News