Zillow Advice: Buying Process - Should we buy without a realtor or broker? Person to person just using title company and bank.

Do it Yourself! You ...

Thu, 09 Apr 2009 17:49:00 GMT

Do it Yourself! You have already found the home&negotiated a price. Now just cover yourself & do the proper inspections.

1. Get the home inspected.
2. Appraised (your bank will require this)
3. Use a Real estate Attorney to write up the docs, title search, title insurance, and do the closing.

Good luck & Congrats on your new pad!

Jacksonville Real Estate Agent

Joe, the question is what ...

Wed, 08 Apr 2009 04:11:00 GMT

Joe, the question is what is the home worth? How do you know it is worth 150K. I would get a sellers disclosure, a property inspection and a appraisal, before I would write a contract, or make the contract contingent on inspection and appraisal. If the property comes under appraised value or contract price, the he should come to closing with that amount. Otherwise he is a short sale, and if you buy the home you will have negative equity. You need to be careful when buying a home in a down market. When the market is good mistakes can be corrected, in a bad market not so easy to correct the mistakes. The RE lawyer is a decent option, but they get paid upfront, not like a Realtor who gets paid once the transaction is closed, so they have to make certain the transaction works correctly. I hope this helps.

Definitely get yourself a ...

Wed, 01 Apr 2009 14:45:00 GMT

Definitely get yourself a real estate attorney. Why does the seller need so much for his closing costs? Sellers closing fees from a title company are typically under $500.

Do it yourself!!! Mother ...

Wed, 01 Apr 2009 14:38:00 GMT

Do it yourself!!! Mother did it and banked 30k extra

you should definitely have ...

Tue, 31 Mar 2009 22:16:00 GMT

you should definitely have a RE attorney there, the $500is well worth the piece of mind... aside from that? yes, its safe.

if you really want to protect yourself from financial hardship, you might though consider waiting 3 years or so... you know all those other people in FL? that wasn't you? you want to be like them? nuff said

If you like the home and ...

Tue, 31 Mar 2009 22:11:00 GMT

If you like the home and the seller will let you do a termite/property inspection, then do it. Hire a RE lawyer to look over the contracts.