Need some Brutal opinions Going for 3rd property, 1st self represented ( with a real estate attorney instead). questions below. Current VA buyer with entitlement left, will buy or assume another VA loan property with cash
I am in no way a realtor; So I looking for an honest assessment.
So, The wife wants a condo, and we are not selling the other 2 properties in this economy ( 2.25 & 3.675%)
I have a legal plan, I called up a real estate attorney, who also owns a title company; both are covered by the legal plan. Nice
Apparently, under the plan and the "2 sides" the attorney can do the Offer letter, document review, promissory note, etc etc; Basically the attorney said under the legal plan, it has enough "yearly cap (there is a max limit, I think 5K?" of legal aid I can get.
My concerns are, for one property I was sent over the disclosure that are posted on MLS.
They are nice, but these are just regular docs used by realtors in Virginia;
So my questions are:
Has anyone here gone self represented? If so what was your experience
Are realtors discouraged by individuals who use attorneys instead?
As I am self represented, I understand the realtor works for the seller not for me; If I ask them for the disclosures in MLS Am I allowed to receive them as a prospective buyer?
In Virginia, the norm here is the seller pays the buyers realtor fees. That is about 3% of the sale price. the properties around here, that is about 12K minimum.
Will the realtor try to pocket that? my plan is to basically over 10-15K below, and explain that in my offer. (or seller credit toward closing)
What are your thoughts? I would love to hear them
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source https://www.reddit.com/r/RealEstate/comments/1rzkrhb/need_some_brutal_opinions_going_for_3rd_property/
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