For Sale by Owner Questions

[Jessica Jarvis]

My husband are new to the game and have an opportunity to buy a neighbors house at a low cost. Question is: With a FSBO property who is required to provide the contract and paperwork? Also who is responsible or typically pays those fees? The FSBO is an elderly couple that is acting as if they are new to this as well. Want to be sure we are making the right moves. This will be from our HELOC, needs updated but solid foundation, new roof, new AC and furnace. Tentatively 900-1200 rent on a 60k purchase. Thanks for all your advice, we have learned so much already from the forums! Keep em coming!

[Jeff Schwarz]

Forms are available online, or, from a Title Company or Attorney.  Me, i would go to and attorney that specializes in real estate and let him handle the paperwork. 

[Jessica Jarvis]

Okay thank you!