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Over the years, I have purchased houses directly from the owner. Never a bad transaction. Once I used a Real Estate attorney to do the closing paper work, who charged $500. I was buying a rental house from a neighbor. Not a lot of risk.
The second house I ever purchased, was from neighbor as well, and we wrote a one page agreement with the basic terms of price, interest rate, down payment, closing date, and escrow and closing agent. Everything went well as there were reasonable people with some knowledge of real estate and had reasonable expectations.
Your friend can give me a call or send an email, and I would be glad to discuss in general terms about things they should include in their transaction, just as we give here on zillow advice. For specifc real estate advise on their transaction, they would need to sign a contract.
Since February 2009
Since February 2009
Get the home inspected right away. Current renters usually think they know a house well enough to buy it without inspecting, but you need a much different outlook on the home if you're going to be responsible for all of its upkeep. If the inspection goes well, then write the contract.
I posted from my Blackberry when my internet was down and it is not here yet so if it shows up I am sorry for the double post.
Spencer,
Your friend can probably find a sales contract online or at an office supply store but I would recommend an agent or attorney simply to make sure all of her bases are covered and she is protected with the proper contingencies and addendums.
I would be happy to do it for a flat fee and run it through my office. I would not charge anywhere near the $1500 that was quoted and I would use standard MLS forms.
Have her contact me if she wants.
Hope this helps.
Jeff Stobie
Broker
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Renter is buying house in Seattle. Seeks flat fee advice.
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Spencer Rascoff, "spencer"
Seattle, WA
Contributions: 1344
Zillow All-Star
Since December 2008
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Hi,
A friend of mine in Seattle is buying the home that she's currently renting. She has already reached agreement with the landlord on price, but she wants someone to help her complete the transaction and accompanying paperwork. Perhaps a lawyer or a real estate agent who will do this for a small flat fee?
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