Zillow Advice: Buying Process - How do you purchase a for sale by owner home without realtors? http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ Zillow Advice | Zillow Real Estate I have a townhouse for sale ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ I have a townhouse for sale in new rochelle, ny. Sun, 21 Sep 2014 18:31:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2014-09-21T18:31:00Z Someone posted that it must ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ Someone posted that it must be done though a broker,agent,etc. or something to that effect to be legal.&nbsp; What was that?&nbsp; So purchasing directly from a home owner with your own financing cannot be done with just the two parties?<br/> Mon, 13 Jan 2014 00:47:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2014-01-13T00:47:00Z I have successfully sold ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ I have successfully sold 5 or 6 properties FSBO. I am in the mid of another as I write. For all my others in this state I have preselected a Title Insur Co to close for the deal which gives a packet with all the&nbsp;forms: dislcosure, lead, purchase agreement, and etc.&nbsp;Using a Bd of Realtors Purchase Agreement&nbsp; has been no issue for these BUT NOW I am being told by the prospective buyer's attny&nbsp;of a property I have out of state in AL that it is illegal for me, FSBO,&nbsp;to use a Bd of Realtors Contract in ALABAMA. I have had a couple of encounters with VERY unscrupulous/immoral attnys and will check further. If the other has an attny be very cautious.&nbsp;It would be a conflict of interest for their attny to look out in any way for your best interest. If you read ANYTHING you don't fully understand don't let your desparation or desires cause you to make favorable assumptions. This is why I use Bd of Realtors contracts. They really do do a good job of trying to equally look out for the best interest of both parties howbeit with additional itrests of the realty and financiers. Those parts dedicated to the interests of others can simply be struck if not serving your own, too.&nbsp;With&nbsp;a TOWNHOUSE I would suspect more&nbsp;legal and obligatory stipulations will be in play complicating the issue.&nbsp;I would also get whatever I could from the Townhose proprieter. If they see you as a prospective owner I am sure they will be obligued to inform you of any legal and obligatory factors the seller may have "forgotten." And don't try to be too impressive to the proprieter. If they think you are&nbsp;too attractive then they might hide negative factors.&nbsp;I am opting for&nbsp;you&nbsp;taking the purchase agreement to an attny for review b4 you sign.&nbsp;&nbsp; Sun, 01 Sep 2013 16:37:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2013-09-01T16:37:00Z You can approach the Seller ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ You can approach the Seller to see if they would be willing to pay commission to your agent, who would be acting on your behalf as a Buyer's Agent.<em>&nbsp;</em> Purchasing a home is such an emotional process.&nbsp; It is nice to have a mediator to coordinate and negotiate all of the details on your behalf.&nbsp; However, a local real estate attorney could prepare and process the transaction, if you wanted to remain unrepresented.&nbsp; <br/><br/>I have had clients purchase FSBO properties before, and I simply went to the homeowner and made arrangements directly with them for a one time showing and commission -&nbsp;if things progressed to that point.&nbsp; Most FSBOs are willing to work with a Buyer who is represented.<br/><br/>Best of luck!<br/><br/>Jessica Nooney<br/>Weichert, Realtors Sat, 05 Feb 2011 00:24:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2011-02-05T00:24:00Z Chances are there is a Realtor ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ <p>Chances are there is a Realtor or attorney that will process the transaction for you for a minimal fee if the seller will agree to pay it.&nbsp; not a percent commission but a paperwork fee.&nbsp; Maybe the seller has one in mind- you can contact them or contact one yourself and have them visit with the seller.<br/><br/>you can always get a fill in the blank contract- that's not really what Realtors get paid for, they get paid for dealing with the issues or preventing issues that could arise and for all the peripherals that go with the transaction. If you feel comfortable doing it yourself just contact your real estate commission for a blank form.- maybe pay a few dollars to a Real EState agent or attorney to give you some advice. (problem with that is if they have no skin in the game and the advice is bad...not sure it will be obvious to you until too late.)</p> Fri, 04 Feb 2011 23:37:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2011-02-04T23:37:00Z A Realtor's fee is typically ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ A Realtor's fee is typically paid by the seller, so it shouldn't cost you anything to have professional representation.&nbsp;If you spent the same amount of time around real estate that we do, you would see the many issues that can arise in a typical transaction. We're trained to navigate through those issues so that you ultimately end up with the home you are hoping for.<br/><br/>Having said that, if you decide to proceed on your own, I'll be happy to recommend a local attorney who could handle the title work. Feel free to contact me. Fri, 04 Feb 2011 20:40:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2011-02-04T20:40:00Z You should hire a good Real ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ You should hire a good Real Estate attorney to handle the process for you. Doing it yourself having never done it before can cost you a lot at the end. Just think about it... if you were involved in a litigation for the same amount of $$$ as what you are looking to put on a line for your home, would you dare represent yourself in a Court of law? Yes, its not the same as buying a house, but there are many pitfalls that can ruin you financially if you are not experienced enough to represent yourself. (Not to mention your deposit money that is on the line if you are in breach of contract)<br/>But, I'm curious.. how much does it cost you to hire a realtor?<br/><br/>Good luck and I hope you know what you are doing. Bo Markovich Tue, 01 Feb 2011 03:49:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2011-02-01T03:49:00Z Being the owner of a title ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ Being the owner of a title company and the husband of a real estate attorney, I've seen several For Sale Buy Owner deals come through our door.<br/><br/>Typically when two parties are involved in a real estate transaction without a Realtor, then the counsel of a Real Estate attorney is&nbsp;highly advised and can be vital&nbsp;to the success of the deal.&nbsp; Each party should have their own lawyers do the negotiating for them.<br/><br/>Sometimes the seller already has a contract pre-prepared.&nbsp; Your best best then, is to obviously take it to your attorney to discuss the terms and conditions before you sign it<br/><br/>If the seller says to make an offer, then call your attorney and ask them to prepare a contract for you.&nbsp; <br/><br/>We sometimes get&nbsp;buyers who just want us to prepare a contract for them without being legally represented.&nbsp; In that case our title company basically fills in the blanks based on the criteria of the buyer.<br/><br/>My wife, though, typically ends up representing most of those types of buyers anyways.<br/><br/>In some cases, my wife has saved her clients thousands of dollars.&nbsp; If you're going it alone, without the help of a Realtor, then it pays to hire an real estate attorney to be on your side.&nbsp;<br/><br/>That's my answer.<br/><br/>Now my wife, who is happens ot be lying right next to me, simply&nbsp;says to call a real estate attorney.&nbsp; <br/>.<br/>Hope that helps!<br/><br/>Aaron Glassman<br/>[Link removed by moderator]<br/> Tue, 01 Feb 2011 03:24:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2011-02-01T03:24:00Z I strongly recommend that ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ I strongly recommend that you partner with an experienced Realtor and title company.&nbsp; Yes, an attorney can draft the purchase agreement but one or both parties to the transaction may not agree to this as the attorney has a fiduciary duty to the party hiring him/her to protect the rights of their client.&nbsp; In MN, a Broker and the agent working on behalf of the Broker, may act as a facilitator.&nbsp; In this role, the Broker and agent do not represent either party.&nbsp; They simply facilitate the transaction to assist it to reaching a successful close of escrow.&nbsp; Their fee is typically paid by the seller. Tue, 01 Feb 2011 03:09:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2011-02-01T03:09:00Z most local real estate associations ... http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ most local real estate associations will sell you the same contract forms that agents use. Check with yours to see if that is the case. Then, you can likely find an attorney or an agent who will help you with just the contracts for a set fee if you need the assistance. Best of luck on your purchase.&nbsp; Tue, 01 Feb 2011 03:08:00 GMT http://www.zillow.com/advice-thread/How-do-you-purchase-a-for-sale-by-owner-home-without-realtors/383964/ 2011-02-01T03:08:00Z