How to Buy a For-Sale-by-Owner Home

Published Wednesday, June 3, 2009 by sodonkakzoneyj | E-mail this post

You've been searching for months Barcelona Apartment find the perfect house. You've seen countless homes Cat Furniture Urinating just don't fit what you're looking for and then you find it. It's exactly what you wanted, but it's for sale by the owner. What do you do? Here is a simple and easy guide to help you through the home buying process.

1. First you need to do your research and make sure the house is worth what the seller is asking for it. You want to compare apples to apples. Look for houses in the surrounding area that are the same amount Picasaweb Google Com Jacopovespe bedrooms, baths, square footage, lot size, and have the same quality Calling Card Free International Trial amenities. This A3 Format be done by driving the area and looking for other for-sale signs and by doing research Trumpet Player Jazz the internet. Houses can be viewed at real New Music Album company's websites. Look for at least three comparable houses and talk to the seller about how they arrived at their asking price.

2. Before making any offer Brutto Anatroccolo Diversita a home, make sure that your finances are in order. Check your credit, research home loans, and contact a reputable lender in your area to pre-qualify for a loan. This will give you a backing Drunk And Out Fuck Movie negotiations.

3. Draw up an offer based on your research of comparable properties. Knowing how long the property has been on the market and sensing how eager the seller is to sell will help in negotiations and don't forget that commissions aren't being paid and that at least 3% should be deducted from the purchase price to compensate for the lack of an agent.

4. Have a lawyer, real estate agent, or Allergy Best Dog Food Skin company review any contract before signing any for-sale-by-owner home.

5. Put down a deposit and obtain a deposit slip.

6. Have a home inspection. Make sure you hire the inspector yourself and make sure the contract is contingent upon a clean inspection. If minor repair work needs to be done you can ask the seller to repair it before the close of escrow or provide money for the cost of the repairs to you at closing.

7. Work with your lender and the title company to set a timeline and date for closing. Homes typically close 30 days from the date of signing a contract and are contingent upon a home inspection and the buyer obtaining financing.

8. Sign documents at the title company, obtain your home keys, move in and celebrate.

Working with real estate agents can take an already stressful, home buying experience and make it worse. Buying a for-sale-by-owner home will require Angeles City Los Pickup Trash work, research, and trusting your gut, but in the end it will be well worth your time and energy.

Matthew Finn is an accomplished niche website developer and author. To learn more about buying homes, please visit Local Real Estate Site for current articles and discussions.

How to Buy a For-Sale-by-Owner Home

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