First-Time Buying FSBO

[Anthony Cross]

BP,

I've been researching and analyzing properties on and off for the past year in attempt to find a good rental house in my college town. I've finally found a deal which cash-flows very well with all of my conservative estimates, and am ready to move forward. The seller wants to go FSBO, and I want to make sure I'm not missing anything as a first-time purchaser. Please see the below list I've compiled of things to consider and let me know any advice you'd like to offer:

- Title company

- Inspection/Appraisal

- C.L.U.E. report

- Contract contingencies on sale/seller covered closing fees

Lastly, will a good title company cover my bases as far as handling the transaction and contracting, or should I hire an attorney?

Thank you all so much!