I want to buy a house "For Sale by Owner". What are the REQUIREMENTS & precautions are needed?We are moving to TX from NY and need a house soon. We have very little money and need to know the best way to stretch what we do have. We have found a house and the owner will finance with $5000 down, split into two payments. She will hold the mortgage for three years and we will then have to get our own financing, but she said she works with a company who can help us do this. Can we offer less on a deal like this? What is the minimum amount of time it would take before we can move in? January 09 2013 - Brazoria0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.