Someone wants my house....

behaviorkeltonApril 7, 2010

I put my house on craigslist, and a few people have seen my house now. One guy has emailed me with my stated lowest acceptable price as an offer. (I have seen him now a few times, and he seems to be the real deal)

I have written back informing him that I accept that price, but will not make any concessions regardless of what happens hence forth.

So, he seems truly interested and has approval for the money necessary to buy my house.

I'm assuming his bank will require that he have the home inspected, appraised, etc.

Fine. If the appraisal doesn't go well, or the inspector finds an expensive problem... it doesn't matter to me... I won't sell the house unless I walk away with my low ball price.

BTW, I fully own my house outright.

Given this, what is the simplest and most affordable way to finalize the sale of my house fully "as is"?

Do I need a lawyer? A paralegal? Will the workings of the title company alone be good enough to consummate this deal?

Could I hire a small-fee realtor to manage it?

BK

Thank you for reporting this comment. Undo
jerzeegirl

I would say you need some kind of contract or binder which outlines all the contingencies and closing date. Depends on the state where you live as to how you should handle the rest. In some states a realtor on a fee basis might be fine. In other states you might want to hire a real estate attorney to handle your transaction. It just depends.

    Bookmark   April 7, 2010 at 9:01PM
Thank you for reporting this comment. Undo
logic

Just an FYI..banks do not require a home inspection. However, most do require a termite/wood destroying insect inspection...and treatment on the sellers dime if evidence of wood destroying insects is found.

    Bookmark   April 8, 2010 at 12:37AM
Thank you for reporting this comment. Undo
logic

You definitely should use a real estate attorney to protect your interests, especially as you are unfamiliar with the process.

    Bookmark   April 8, 2010 at 12:39AM
Thank you for reporting this comment. Undo
brickeyee

You need a written contract to sell real property.

You can negotiate till you are blue in the face verbally and back and forth in writing, but under the statute of frauds ALL sales of real property MUST be in writing and signed by all involved parties.

You could use an RE agent (they will have access to a 'standard contrast' to start from, or pay an attorney to create a contract (they will use a standard from also) and later as required.

There are a handful of federal and state laws you must comply with, like lead notices to the buyers and such.

A good RE attorney should know about them, but every RE agent knows what is required in their state for required notices.

    Bookmark   April 8, 2010 at 4:29PM
Thank you for reporting this comment. Undo
emilynewhome

'Help u Sell' and others like them charge a percentage fee.They will help you with all paperwork etc.
Expect to pay around 5K.

    Bookmark   April 11, 2010 at 5:24PM
Thank you for reporting this comment. Undo
terriks

There is no reason to hire a RE agent when you already have a buyer. An attorney is the way to go here.

    Bookmark   April 11, 2010 at 10:06PM
Sign Up to comment
More Discussions
trying to buy worried about appraisals
I looked at a house, liked it an made an offer. The...
neobuyer
Home sellers: Terrible experience with realtors?
Hi there, I'm getting ready to sell my house and need...
dollhausimaginations
Best time to List a House
Is there a best time to list a house for sale? We have...
hayden2
Being Sued for Home Sale
We had our home built in 2003.It was our dream home.Half...
camsgt
Preparing to list starter home w/o dishwasher etc.: how big a problem?
When I bought it and redid the kitchen, I replaced...
gramarows
People viewed this after searching for:
© 2015 Houzz Inc. Houzz® The new way to design your home™