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  • May 14, 2009 at 10:19 PM #15683
    as
    Participant

    Hi Guys,

    I was planning to buy a house in 2010, but now a friend offered me a good deal. I decide to jump in.

    The situation is she does not want to pay 6% for the commission fee. She will pay a little fees for a discount broker who is willing to provide the paper work. Then she and I can sign the agreement.
    I have never done this before. Shall I find a lawyer or a discount realtor who can go through the paper for me for my protection? Any realtors on this board could provide some help? How much do the realtors charge for just go through the agreement? I am also looking for a good inspector. Any recommmendation?
    Thank you in advance.

    May 14, 2009 at 11:18 PM #399368
    CA renter
    Participant

    You can go directly to the escrow company and have them draw up all the paperwork for you.

    It might not hurt to get an attorney, but that depends entirely on your relationship with this friend and how you might resolve any issues either during of after the transaction (what if you find $30K worth of mold problems that they had painted over, or something like that?).

    We’ve used Gary for an inspector, and will use him in the future. Great guy, great work, and very much worth every penny.

    http://www.sucasainspection.com/

    Good luck with your transaction! 🙂

    May 14, 2009 at 11:18 PM #400055
    CA renter
    Participant

    You can go directly to the escrow company and have them draw up all the paperwork for you.

    It might not hurt to get an attorney, but that depends entirely on your relationship with this friend and how you might resolve any issues either during of after the transaction (what if you find $30K worth of mold problems that they had painted over, or something like that?).

    We’ve used Gary for an inspector, and will use him in the future. Great guy, great work, and very much worth every penny.

    http://www.sucasainspection.com/

    Good luck with your transaction! 🙂

    May 14, 2009 at 11:18 PM #399620
    CA renter
    Participant

    You can go directly to the escrow company and have them draw up all the paperwork for you.

    It might not hurt to get an attorney, but that depends entirely on your relationship with this friend and how you might resolve any issues either during of after the transaction (what if you find $30K worth of mold problems that they had painted over, or something like that?).

    We’ve used Gary for an inspector, and will use him in the future. Great guy, great work, and very much worth every penny.

    http://www.sucasainspection.com/

    Good luck with your transaction! 🙂

    May 14, 2009 at 11:18 PM #399909
    CA renter
    Participant

    You can go directly to the escrow company and have them draw up all the paperwork for you.

    It might not hurt to get an attorney, but that depends entirely on your relationship with this friend and how you might resolve any issues either during of after the transaction (what if you find $30K worth of mold problems that they had painted over, or something like that?).

    We’ve used Gary for an inspector, and will use him in the future. Great guy, great work, and very much worth every penny.

    http://www.sucasainspection.com/

    Good luck with your transaction! 🙂

    May 14, 2009 at 11:18 PM #399852
    CA renter
    Participant

    You can go directly to the escrow company and have them draw up all the paperwork for you.

    It might not hurt to get an attorney, but that depends entirely on your relationship with this friend and how you might resolve any issues either during of after the transaction (what if you find $30K worth of mold problems that they had painted over, or something like that?).

    We’ve used Gary for an inspector, and will use him in the future. Great guy, great work, and very much worth every penny.

    http://www.sucasainspection.com/

    Good luck with your transaction! 🙂

    May 15, 2009 at 8:11 AM #399465
    as
    Participant

    Thank you, CA renter.
    I will definitely give Gary a call.
    I am doing all the pre-purchase work to prepare for this transaction. So far we both agreed on price verbally, but not on the paper, yet. I hope my friend won’t change her mind as she changed her mind once before. I hope I can trust her.

    I am trying to find a discount agent since I am a first time home buyer(I will pay him/her.) to review the paper work with me. Anybody on this board could recommend one?

    May 15, 2009 at 8:11 AM #400007
    as
    Participant

    Thank you, CA renter.
    I will definitely give Gary a call.
    I am doing all the pre-purchase work to prepare for this transaction. So far we both agreed on price verbally, but not on the paper, yet. I hope my friend won’t change her mind as she changed her mind once before. I hope I can trust her.

    I am trying to find a discount agent since I am a first time home buyer(I will pay him/her.) to review the paper work with me. Anybody on this board could recommend one?

    May 15, 2009 at 8:11 AM #399719
    as
    Participant

    Thank you, CA renter.
    I will definitely give Gary a call.
    I am doing all the pre-purchase work to prepare for this transaction. So far we both agreed on price verbally, but not on the paper, yet. I hope my friend won’t change her mind as she changed her mind once before. I hope I can trust her.

    I am trying to find a discount agent since I am a first time home buyer(I will pay him/her.) to review the paper work with me. Anybody on this board could recommend one?

    May 15, 2009 at 8:11 AM #399950
    as
    Participant

    Thank you, CA renter.
    I will definitely give Gary a call.
    I am doing all the pre-purchase work to prepare for this transaction. So far we both agreed on price verbally, but not on the paper, yet. I hope my friend won’t change her mind as she changed her mind once before. I hope I can trust her.

    I am trying to find a discount agent since I am a first time home buyer(I will pay him/her.) to review the paper work with me. Anybody on this board could recommend one?

    May 15, 2009 at 8:11 AM #400152
    as
    Participant

    Thank you, CA renter.
    I will definitely give Gary a call.
    I am doing all the pre-purchase work to prepare for this transaction. So far we both agreed on price verbally, but not on the paper, yet. I hope my friend won’t change her mind as she changed her mind once before. I hope I can trust her.

    I am trying to find a discount agent since I am a first time home buyer(I will pay him/her.) to review the paper work with me. Anybody on this board could recommend one?

    May 15, 2009 at 8:48 AM #400179
    sdduuuude
    Participant

    Attorneys will just get in the way. A realtor may help a little, but for a friendly deal, the escrow agent is key.

    I did a “no realtor” deal once and the escrow agent made it possible. The escrow agent is the one who makes things happen, moves things along. They know what papers need signing, when they need signing, and how to get the deal closed. A good loan agent helps, also, and if escrow guy and loan guy work together, it’ll happen without much trouble. Expect to do some running around, though.

    Get recommendations on title agent, inspector, termite inspector, escrow agent, mortgage broker and you’ll be in decent shape.

    May 15, 2009 at 8:48 AM #400031
    sdduuuude
    Participant

    Attorneys will just get in the way. A realtor may help a little, but for a friendly deal, the escrow agent is key.

    I did a “no realtor” deal once and the escrow agent made it possible. The escrow agent is the one who makes things happen, moves things along. They know what papers need signing, when they need signing, and how to get the deal closed. A good loan agent helps, also, and if escrow guy and loan guy work together, it’ll happen without much trouble. Expect to do some running around, though.

    Get recommendations on title agent, inspector, termite inspector, escrow agent, mortgage broker and you’ll be in decent shape.

    May 15, 2009 at 8:48 AM #399975
    sdduuuude
    Participant

    Attorneys will just get in the way. A realtor may help a little, but for a friendly deal, the escrow agent is key.

    I did a “no realtor” deal once and the escrow agent made it possible. The escrow agent is the one who makes things happen, moves things along. They know what papers need signing, when they need signing, and how to get the deal closed. A good loan agent helps, also, and if escrow guy and loan guy work together, it’ll happen without much trouble. Expect to do some running around, though.

    Get recommendations on title agent, inspector, termite inspector, escrow agent, mortgage broker and you’ll be in decent shape.

    May 15, 2009 at 8:48 AM #399745
    sdduuuude
    Participant

    Attorneys will just get in the way. A realtor may help a little, but for a friendly deal, the escrow agent is key.

    I did a “no realtor” deal once and the escrow agent made it possible. The escrow agent is the one who makes things happen, moves things along. They know what papers need signing, when they need signing, and how to get the deal closed. A good loan agent helps, also, and if escrow guy and loan guy work together, it’ll happen without much trouble. Expect to do some running around, though.

    Get recommendations on title agent, inspector, termite inspector, escrow agent, mortgage broker and you’ll be in decent shape.

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