Found a new home without an agent, got pre-qualified and want to make an offer. House is for sale by owner.?

Should I get a RE lawyer to help me making the offer or are there any good tools and forms available to prepare the offer myself?


I'm planning on getting a lawyer for the closing, since I don't have a RE agent. Any advice for RE lawyers in Metro-Detroit area?Found a new home without an agent, got pre-qualified and want to make an offer. House is for sale by owner.?
I would get myself a broker. It won't cost you anything, and the owners are not likely to turn down a sale. A broker will still save you a bunch and help keep things smooth and legal. They can also advise you on what kind of initial offer to make, which isn't going to be what you were thinking of.Found a new home without an agent, got pre-qualified and want to make an offer. House is for sale by owner.?
Can you say Attorney?


They work on a flat fee and will protect you as well or better than an agent, and for less.
You could do the real estate forms, but check around for an attorney that will only do what you ask him/her to do. It can get expensive with some.
No reason you can not make an offer yourself - If the owner is savvy there is probably an offer and acceptance form at their home. Would not hurt to get in touch with the RE attorney first if that is how things are handled in your state - We use Title Companies here that handle the title insurance and all details and cash exchanges. An individual can just bring them the offer and acceptance and the earnest money and they take it from there. You offer should have the price you are willing to pay and the fees you are willing to pay (half the closing - inspections and who will be paying the points for your new loan etc.
Often times FSBO's (';for sale by owner';) properties are overpriced. The owners are also avoiding paying the real estate commission. You do not want to overpay for the house. You might consider hiring your own real estate agent on an a la carte basis or paying them a flat rate to pull some comps for you so you have a ballpark idea of what other properties in the neighborhood are going for. They will also help you protect your interests. Sometimes if the property has been on the market a while the sellers will pay your agent fee, but don't count on it. Make sure the home is fully inspected.
You should ask yourself whether or not you know how much the house is worth. When I say this, I mean you need to have recent comparable homes sales data from the last six months (only) on similar homes. You should also get some sort of disclosure statement about the house that is prepared by the seller. It is of the utmost importance that you protect your interest on the front end of the transaction. Every state is different so you should at least contact a local agent in your area and probe them for some specific answers.


In my state, the closinfg attorney will be representing the lender and not your interests. Be sure you find this out as well.