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Answers (16)
- JT Kaelin, "list4u"
- Contributions:21
RIGHT !! DON'T use a Realtor to sell or buy a car,get a home loan, home furnishings, pay your taxes, defend you in court,get medical insurance, have a surgery, get to school or go to college,schedual a vacation trip, etc. ALL THESE THINGS you CAN DO on your own!! This is America, it is allowed. The same laws that allows you to "do it yourself" has set up a SPECIAL SELLER and BUYER PROTECTION GROUP to make certain that all the laws are followed in "selling or buying a house". GUESS WHAT IS THEIR NAME? No it is not some tv real estate guru, selling you a real estate course, No, its not a local real estate investor group. No its not a lawyer assistance or tenant advocacy group. Let me give you a HINT. They must be LICENSED by the STATE. They must have CONTINUING EDUCATION CLASSES every year or two. They PAY TAXES, they are not a non-profit using tax payer funds.CAN YOU GUESS?? They are not real estate sales people working a FSBO (for sale by owner) Web Site. THIS GROUP IS ??.... e-mail me for the answer (if you don't know) JT@houseJT.com I WILL HELP YOU find someone in your town, county or state, ok? There is NO FEE for my service to you. Hope this helps.
- Maria Morton, "MariaMorton"
- Contributions:716
How are your tenants going to purchase your home? Cash or financed? If financed, have them check with their lender to find a title company close by. The title company can run the title check and close the sale as well do the recording of deed transfer with the county. You need an attorney to represent your interests; the buyers need one who will represent theirs. Ask any of the above people to recommend a whole house, radon, and termite inspector. Check with your local HUD office to get a Lead Based Paint pamphlet if the house was built before 1978. The booklets are easily obtainable as it's a federal publication. If you choose to offer them a home warranty, call the company that maintains your HVAC system and see if they offer warranties. Have the buyers put their homeowners insurance in place to coincide with the day of closing. Switch the utilities into their name the day of closing. I think that's all. Congratulations!
- 2116pioneer
- Contributions:17
Realtors are sales people. They are not qualified or permitted to dolegal work.
Get a real estate attorney to be protected. The buyer should do the same.
Get a real estate attorney to be protected. The buyer should do the same.
- Scott Narrow, "scottnarrow"
- Contributions:69
Use a Realtor anyways...I work the DFW area and you can get a competant Realtor to help you with the paperwork and protect both you and the buyer for $500-1000. That's cheaper than a real estate attorney and money well spent.
- girouard property RE
- Contributions:981
Ues a Real Estate Lawyer, You already have a purchaser for your home....half the battle is finding a buyer, they are few and far between...you have the best of both worlds...just do it. Make sure the tenants know what thier doing...
- Michael Dorr, "Michael Dorr"
- Contributions:93
He did not tell me when he sold it to me that I should get a termite inspection, Your in Texas, so a foundation survey (I think.), a home inspection. Nope I did not get a home owners warranty either, your honor. But your honor, I sold it "AS IS." "Rasberries" The list goes on and on. You need advice to protect yourself and the buyer. And as others have said, you do not need to pay a premium for that service, to do this yourself is asking for trouble. So nothing goes wrong. Great. But, if you did not disclose something or something goes wrong, to protect yourself against a judgement, than that fee would have been money well spent. THink of it as an insurance policy and a partner to litigation.
- Bill McInerney, "Bill McInerney"
- Contributions:17
You alwsys get what you pay for. If you are ill do you demand a discount from your doctor?
Many discount lawyers have former clients who have never won a case.
Maybe the tenant know something that you don't? Perhaps your home price is being devalued because your rent is too low?
- wetdawgs
- Contributions:26634
There is no reason to use a realtor, but to do this legally with both sides protected I would suggest both use a real estate attorney or at minimum use the approaches and documents from a FSBO organization.
- jeff4379
- Contributions:22
yes you should pay a realtor six percent of the sale even when you already have a buyer!!!
get someone to help you for a flat fee, like say $200. Even a real estate attorney can probably do this for less than one billable hour...
get someone to help you for a flat fee, like say $200. Even a real estate attorney can probably do this for less than one billable hour...
- somtingelse
- Contributions:7
Here's an answer realtors don't want you to know. A good title company has an in house attorney All you have to do is use the title company for the title work and most companies will have their lawyer look at the contract at no charge and give you recommendations before the signing
- Nicole Tussey, "Nicole Tussey Homes"
- Contributions:122
Your tenant needs protection, he needs a Realtor or a Lawyer.
- davidslavin
- Contributions:440
Why don't you want to use a Realtor? Realtors provide a service for a fee. If you don't use a Realtor then you should use an attorney and they also frovide a service for a fee and probably a higher fee but you need to protect yourself in the transaction. What you think as saving money by not hiring a professional to help you in the transaction could backfire in a lawsuit if you miss something.
My tenants would like to by the home they are renting from me. I prefer not to use a realtor.
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