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Updated over 5 years ago on . Most recent reply

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53
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Silvia Ochoa
Pro Member
  • Real Estate Agent
  • Dallas TX
13
Votes |
53
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1st off market deal...how do I do this with out an agent?

Silvia Ochoa
Pro Member
  • Real Estate Agent
  • Dallas TX
Posted

A friend of my brother has a property he wants to sell. It is distressed and the price reflects its condition ($155k with comps in $200k range). Here's the tricky part...he doesn't technically own it. According to him, his father in law is selling the house to him but it's stuck in limbo because he doesn't have great credit and can't get the financing. He mentioned the paperwork is at a certain title company and that if I were interested we'd just go to the title company and switch it to my name. This is all highly unusual to say the least. I have never worked directly with a seller before so I'm not sure how this process works and what I need to have in place to protect my interests. Help!

  • Silvia Ochoa
  • Most Popular Reply

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    Jay Hinrichs
    Professional Services
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    62,773
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    Jay Hinrichs
    Professional Services
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied

    not really someone posted the exact same thing a few months ago.

    title company usually wants a contract.. so you can go to the stationary store by a blank generic purchase and sale agreement fill it out get the seller to sign and U sign and hand it to the closer .. really simple as that.

    business profile image
    JLH Capital Partners

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