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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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anyone bought a home from owner?
we saw a house we really like that is FSBO. does anyone know the procedures to dealing with owner if we want to buy the house?
TIA
Message edited 8/2/2008 8:03:18 PM.
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Posted 8/2/08 8:03 PM  |
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jax1023
LIF Adult
Member since 3/07 1165 total posts
Name:
Jackie
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Re: anyone bought a home from owner?
We bought our condo FSBO off craigslist.
What we did was speak to the owner and verbally agreed on a price. Then we called a lawyer and had a purchase offer written up. When signed, this became the contract.
We then had an inspection and renegotiated the price directly with the owner, called the lawyer who wrote a contract addendum which we all signed.
Honestly, it was very easy. It was nice dealing directly with the owner, and everything went smoothly for us.
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| Posted 8/2/08 8:11 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: anyone bought a home from owner?
Posted by jax1023
We bought our condo FSBO off craigslist.
What we did was speak to the owner and verbally agreed on a price. Then we called a lawyer and had a purchase offer written up. When signed, this became the contract.
We then had an inspection and renegotiated the price directly with the owner, called the lawyer who wrote a contract addendum which we all signed.
Honestly, it was very easy. It was nice dealing directly with the owner, and everything went smoothly for us.
and then you go thru the mortgage process after?
thanks!
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| Posted 8/2/08 8:30 PM |
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jax1023
LIF Adult
Member since 3/07 1165 total posts
Name:
Jackie
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Re: anyone bought a home from owner?
Well, we had gotten preapproved for a mortgage as I was also looking at places with an agent.
Once we had the signed contract, I just faxed it over to the mortgage company and that began that whole process.
With FSBO, I had to do a lot more of the leg work myself, but considering our place was 40k less than what others in the building sold for, it was worth it. I spent a lot of time on the phone over the past few months.
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| Posted 8/2/08 8:36 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: anyone bought a home from owner?
Posted by jax1023
Well, we had gotten preapproved for a mortgage as I was also looking at places with an agent.
Once we had the signed contract, I just faxed it over to the mortgage company and that began that whole process.
With FSBO, I had to do a lot more of the leg work myself, but considering our place was 40k less than what others in the building sold for, it was worth it. I spent a lot of time on the phone over the past few months.
most of the time, it's keeping up with the bank with the paperworks right?
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| Posted 8/2/08 8:53 PM |
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lovemy2boys
LIF Adult
Member since 10/07 3915 total posts
Name:
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Re: anyone bought a home from owner?
double post
Message edited 8/2/2008 9:56:12 PM.
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| Posted 8/2/08 9:55 PM |
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lovemy2boys
LIF Adult
Member since 10/07 3915 total posts
Name:
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Re: anyone bought a home from owner?
Posted by krissy888
Posted by jax1023
We bought our condo FSBO off craigslist.
What we did was speak to the owner and verbally agreed on a price. Then we called a lawyer and had a purchase offer written up. When signed, this became the contract.
We then had an inspection and renegotiated the price directly with the owner, called the lawyer who wrote a contract addendum which we all signed.
Honestly, it was very easy. It was nice dealing directly with the owner, and everything went smoothly for us.
we found our FSBO on Nytimes.com. our experience was pretty much the same , except we bought a coop. it was very easy for us too, everyone was happy
eta our mort broker and lawyer did all the work, we didn't do anything really
Message edited 8/2/2008 9:55:55 PM.
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| Posted 8/2/08 9:55 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: anyone bought a home from owner?
Posted by krissy888
Posted by krissy888
Posted by jax1023
We bought our condo FSBO off craigslist.
What we did was speak to the owner and verbally agreed on a price. Then we called a lawyer and had a purchase offer written up. When signed, this became the contract.
We then had an inspection and renegotiated the price directly with the owner, called the lawyer who wrote a contract addendum which we all signed.
Honestly, it was very easy. It was nice dealing directly with the owner, and everything went smoothly for us.
we found our FSBO on Nytimes.com. our experience was pretty much the same , except we bought a coop. it was very easy for us too, everyone was happy
eta our mort broker and lawyer did all the work, we didn't do anything really
great...thanks!
Message edited 8/2/2008 10:03:45 PM.
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| Posted 8/2/08 10:02 PM |
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