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Answers (7)
- Dan, "the_country_hick"
- Contributions:4695
You could always talk to them. Ask them if they would agree to $x. If they agree work out all of the fine details.
- Ofe Polack, "Ofe Polack"
- Contributions:1418
It is best to have a buyer agent represent you when you are purchasing your home. Is the FSBO willing to work with a buyer agent? In the event that the seller does not want to pay commission to the buyer agent, you can discuss with the agent what services he/she can provide and what will price of those services be. Otherwise I suggest you contact a real estate attorney to help you write the offer. Good luck either way!
- John Stewart, "nwhome.us"
- Contributions:2165
Zillow has a pretty good guide for Home Buying One Step at a Time.
- sunnyview
- Contributions:25139
You can present an offer in writing that is pretty simple with the property address, price offered and basic timeline to close. If the offer is accepted you need to get a legal contract thet includes all legal disclosures, the required disclosure form for your state and spells out the terms of the sale from deposits to close. Make sure that whatever contract you use is clear, legal for your state, allows a set time for inspections and allows you to back out if the property does not appraise for your offer price or higher.
Many agents are willing to help you with the contract process for a set fee or you can also ask a local attorney in your area for a contract packet. Some will offer them for a set price plus an house of their time to review the sign papers. Make sure and keep it legal and ask for help from a professional if you need it. That can avoid much more expense problems down the road.
Many agents are willing to help you with the contract process for a set fee or you can also ask a local attorney in your area for a contract packet. Some will offer them for a set price plus an house of their time to review the sign papers. Make sure and keep it legal and ask for help from a professional if you need it. That can avoid much more expense problems down the road.
- Christine McGinty, "whitemountainagent"
- Contributions:273
This is exactly why you need an agent to represent you. If you don't know how to make an offer how are you going to negotiate through the contract, address inspection and appraisal issues and maneuver a closing? An agent can represent you and should. The agent can ask the seller for compensation if they bring a buyer or the seller may want you to pay the agent to represent you. In either case it is money well spent to be represented by someone that knows the home buying process.
- Jim Basquette CRS, CNE, "Jim Basquette"
- Contributions:1231
JessC411,
It is best if you get a buyers agent to assist you. They normally will not change you, but will ask the owner for a commission, which most owners are willing to pay.
The reason you want an agent to represent you is that many FSBO (For Sale By Owner) homes are not priced correctly and the agent will represent you, not the owner. Typically owners don't really know what all needs to be done to get the sale closed and the agent does.
With an experienced negotiator on your side, you should be able to get a better price even though the owner will end up paying a commission.
I hope this helps.
It is best if you get a buyers agent to assist you. They normally will not change you, but will ask the owner for a commission, which most owners are willing to pay.
The reason you want an agent to represent you is that many FSBO (For Sale By Owner) homes are not priced correctly and the agent will represent you, not the owner. Typically owners don't really know what all needs to be done to get the sale closed and the agent does.
With an experienced negotiator on your side, you should be able to get a better price even though the owner will end up paying a commission.
I hope this helps.
- Tracy Larkins, "Cobalt Financial"
- Contributions:649
You may choose to get your own agent to write an offer or you may deal directly with the homeowner and present offer yourself... Always best to have an agent when dealing with contracts for legality purposes. Hope this helps!
How do you make an offer to a for sale by owner?
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