Skip to main content

I'm a buyer, doing a FSBO, any advice?

I have been house hunting for over a year, live outside of Boston. I've been outbid several times and can't find the "right" house. Just this past weekend we found a "right enough" house and are planning to purchase directly from the owners (below the estimated Zillow price). I have a RE lawyer who has been helping with various aspects, but wondering what things I need to be mindful of?

A few key pieces of info to consider: we're putting 20% down, we have outstanding credit, we're pre-approved for a 30-year mortgage at 4.75% (bad but not terrible). We're waiving an inspection, but the home was bulit in 1992 and has been in the hands of the original owners since then - as I've been house hunting for so long the only concern I have is I saw some 'debris' in one corner of the basement that could've been mouse poop, but could also be dead bugs (that said, it's not a lot and it looks ancient). All systems have been recently updated. House is on well water and septic, they passed the title V permitting.

Over the past year, we've been relying upon Redfin. As far as I can tell, I never signed anything to say they'll be my sole representative - does anyone know if I might be breaking a contract by doing this purchase without my realtor?

Thanks!

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

source https://www.reddit.com/r/RealEstate/comments/ubi9xa/im_a_buyer_doing_a_fsbo_any_advice/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

warning about Biggins and Scott Brunswick

his is a general warning for people who use this agency to rent a property. I am going to share a disgusting experience that I had with the above agency. I was new to the rental experience after a marriage breakdown so I answered a add on Real Estate .com and met a guy in Maribyrnong to look over a apartment . He suggested he was not only going to be my roommate, but he also worked at the company in Brunswick. All looked good and myself and a lovely lady moved in to the apartment in late March. Everything was going well ,we were paying our rent and things were moving forward with 3 people coming from different age groups and different upbringings. Then on the 25th of June out of nowhere 3 Breach Notices appeared on my email from my roommate but on Biggins and Scotts letterhead. I was completely surprised and after trying to reason with the sender of these documents, I then decided I had to call his boss the Director of Biggin and Scott in Brunswick. David told me that he was ...
Post a Comment
Read more