I'm buying my first home, it's for sale by owner. I do not have a real estate agent. Can I do this by myself??

Can I write and submitt the offer myself, or should I use a real estate attorney or a real estate agent (even tho I already found the house)? Any suggestions/advice?I'm buying my first home, it's for sale by owner. I do not have a real estate agent. Can I do this by myself??
Yes, you can. I suggest using a standard real estate contract promulgated by your state real estate commission. Whatever you do, use a title company to ensure title is clear and transferred to you correctly.





Rick


http://www.fairwaymortgagelending.comI'm buying my first home, it's for sale by owner. I do not have a real estate agent. Can I do this by myself??
Yes, if you are purchasing the home by getting a mortage loan from a bank they will do most of it for you and let you know what you will need. I know you will have to make up what is called a buyer/seller agreement form stating who will be paying the taxes up to the selling date, who will be purchasing the title insurance, who's paying the closing costs, etc. It seems like it took me about 3 weeks of dealing with all the paperwork. If you are not going through a bank to purchase the house you could hire a lawyer to do the necessary paperwork for you for a small fee.
I think, for a first timer, it's best that you get someone who can help you with it. At the same time, u learn how they're doing it and you can do it by yourself next time. It's always better to take cautions so that we don't get tangled up in a mess later on.
sure you can do it your self.


of course when u mess up u have no legal recourse. real agents know the snake pits of buying and selling . they are cheap insurance to legal screw ups. u may get to pay for the next 30 yrs. get an agent to represent you cause u'll save thousands in the long run.


do your buying for your self when you have REAL knowledge.
I would definately use an agent anyway. It's worth it to get everything right. Things are so difficult in this day in age and we need specialists. Most people even pay to have taxes done so why not be as careful with your new home especially because it's your first.
Yes you can buy the property yourself with the help of the following professional:


鈥ppraiser for finding the values of the house


鈥ome inspector to see if the property is structurally sound.


鈥awyer to draft and negotiate the sale agreement.


鈥ortgage broker to help you with financing .Good luck
Yes you can but do get a real estate lawyer to write up the offer as you will need plenty of contingencies in the offer to buy and you will need him for the closing too. Good luck.
You are making a huge purchase...With many 0s on the end. Using a real estate attorney or agent for your first house is wise. You want to make sure everything is done correctly....especially since you have never done it before and don't know what to expect.