| by Kenneth Chase | 7 comments

Real Estate Tips: Buying & Selling : How to Buy a Home For Sale By Owner

How to buy a home for sale by owner, is not
a difficult task. I’m Richard Blake, and I’m here to tell you, how you can purchase a home,
from the owner himself. The first thing that you want to do, is locate the property. The
most important item is going to be the location of the property, obviously, because that’s
something you can’t change. Once you’ve narrowed it down to a specific neighborhood or community
that you’re interested in, then you’re going to narrow down the properties by the size,
as well as how many bedrooms, bathrooms, that sort of thing. Once you’ve narrowed it down
to that perfect property, and you’re ready to make the offer, what you want to do is
contact your local lawyer, to write up the offer for you. It’s very important that the
offer is written correctly, and in today’s legal terms, and according to each state,
is a little bit different, so it will be important, to use a local lawyer for this transaction.
Once the offer is submitted, generally, you’re going to have a two week due diligence period
of time, which allows for you to do your inspections, make sure that your financing is strong. All
of these items that are important to make the deal actually go through, will be done
in this two week period of time. At the end of the two week period of time, you will then
choose a closing date ,at which time, the lawyer will facilitate. The closing will actually
take place at the lawyer’s office, and then you will get the keys to the home, at that
time. Making an offer on a for sale by owner, is no different than making an offer on any
other home. Really, just the most important thing that you want to do, is make sure that
you have the correct values of the neighborhood, and of the home that you’re making the offer
on, so you’re sure not to overpay it. Again, contact your local lawyer. Make sure that
he can do the paperwork for you, and it should be a very smooth process. I’m Richard Blake,
and have a great day.


Rodney Hamp

Jan 1, 2012, 3:09 pm Reply

Richard, WOW sounds easy but not realistic as there are numerous proceedures missed to get a property closed. In Texas we dont use lawyers but title companies.


Jul 7, 2013, 6:25 pm Reply

For Sale By Owner can be the best method for buyers and sellers, but being well informed is what is going to make it the optimal choice. Do some research and check out Property By Owner List to gain a better understanding.

Vadym Radkov

Jan 1, 2017, 9:59 am Reply

I know the best online selling guides. Go to Stodoys Website and get it.

Bogdan karpovich

Feb 2, 2017, 3:39 am Reply

Nice movie. However you can learn about it more. Just google for Stodoys instructions.

Vetal Turlin

Mar 3, 2017, 9:27 am Reply

You can check Stodoys website to learn more about sale.

Vadym Volodko

Mar 3, 2017, 5:04 am Reply

I know more about sale from Stodoys handbooks !

Evgen Mozolevski

Apr 4, 2017, 11:13 am Reply

I'm sure the best instruction is on Stodoys website.

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