Skip to main content

Home sale NO agent - help

After a long time of searching, my spouse and I finally found a great home and had our offer accepted. It is not contingent on the sale of our condo. Our condo association is only 8 units and when one of the owners heard mine would be going on the market very soon, reached out to someone that has expressed interest in our units. She same - looked - loved. Made a full asking price offer and wants to do it without agents... She also wants a 30 day close (we don’t close on new home for 40 days now) but is cool with us setting a vacate date after our close. She doesn’t think she even wants an inspection. She did mention that she is preapproved - indicating there is financing involved.

She is going to have an attorney draft an agreement for me to review... She asked if I was open to using the same attorney to which I said I would certainly have another attorney look at the agreement on my behalf.

What concerns should I have? What should I look for? What is the savings between using just an attorney or two versus agents? What is the cost for an attorney to review an agreement like this?

Any advice would be greatly appreciated!

submitted by /u/nick04c
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/dafm09/home_sale_no_agent_help/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...