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Can you give me some tips about buying privately?

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Bellaocchi
Hope Faith Love

Member since 2/07

5694 total posts

Name:

Can you give me some tips about buying privately?

There is a friend of the family that knows someone who is selling their mothers home b/c she passed away. They are selling it privately. Can you give me some pointers of how to make this not such a frustrating process? We have not been told what the actual price is.. just a ball park figure right now.


Posted 4/24/07 6:41 PM
 
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ali120206
2 Boys

Member since 7/06

17792 total posts

Name:

Re: Can you give me some tips about buying privately?

We bought privately. It was frustrating at times but, I think that is just the territory with buying a house.

We contacted friends and found a lawyer and an inspector to use. The process is a lot slower because there isn't a realtor helping to push it along.

We made an offer and it was rejected. They countered and we met their counter offer (it was only $10k more and the house was still a good deal).

Do some research to see what comparible homes in the area are listing for. We got some information from a realtor friend about what homes were selling for as well.

Good luck!

Posted 4/24/07 7:55 PM
 

Jackie24
~We Did it~

Member since 7/06

6718 total posts

Name:
Jackie

Re: Can you give me some tips about buying privately?

i would def find a lawyer you trust first.....he/she will steer you in the right direction and make sure everything is legal

Posted 4/24/07 8:48 PM
 

ThreeCats
Train Ride

Member since 5/05

3127 total posts

Name:
A

Re: Can you give me some tips about buying privately?

Posted by VRF1125

There is a friend of the family that knows someone who is selling their mothers home b/c she passed away. They are selling it privately. Can you give me some pointers of how to make this not such a frustrating process? We have not been told what the actual price is.. just a ball park figure right now.





We brought our house privately - it was really easy and quick.

We agreed on a price - our lawyers got in contact with each other - we signed a contract and a few weeks later we went to closing. (in those few weeks the title search happened and the mortgage stuff was taken care of)

Posted 4/24/07 10:18 PM
 
 

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