Newbie Buying FSBO Question
It seems that there are many knowledgeable people here who may have insight for me and my husband. We are in the midst of negotiations to buy a FSBO home. It is our first time buying a home, and we are in PA.
For some back story, it has been something of a roller coaster working out the sales agreement, and for a time, we believed that it would fall through,(this was after we had a verbal agreement and were both working with attorney's to complete the sales agreement). We ended up raising our offer a bit, and it got the negotiations going again.
One thing the seller has asked is that we allow his attorney to handle the closing process. His attorney has a title company, so I am assuming that this means that he wants his lawyer to also function as the title company. Our lawyer made a comment that this may be a conflict of interest. Other opinions we have gotten are that the title company is just there to process the transaction and it does not matter who does it. Since this is all new to us, now we are rushing to get an education.
So, do you have experiences/advice about whether it would be a conflict of interest to use the seller's lawyer's to close the transaction?
Also, the seller is rather emotional about selling this house, and is fairly unpredictable. We are concerned that anything he does not like might just cause him to walk, so if we can agree to his request, we are happy to do so to keep things going smoothly. And yes, unless the door totally shuts, we do really believe this is "the house", though this negotiation process has been extremely trying. Thanks for any insight!