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Updated almost 8 years ago on . Most recent reply

User Stats

73
Posts
14
Votes
Leon Chappell
  • Investor
  • Chapel Hill, NC
14
Votes |
73
Posts

Buying off market properties.

Leon Chappell
  • Investor
  • Chapel Hill, NC
Posted

If I send out a direct mail letter and the owner responds. What is the process for buying the property when its not on the MLS. Do I still need to have a agent involved somehow. I am still in process of getting my license.

Most Popular Reply

User Stats

16
Posts
9
Votes
Johnny Young
  • Hendersonville, TN
9
Votes |
16
Posts
Johnny Young
  • Hendersonville, TN
Replied

From what I have learned from here on BP and talking with others, no you don't need an agent involved. You do however still need a real estate attorney or closing company to handle the paper work and close the deal. You and the homeowner work out the terms on purchase agreement and submit the papers to the closing company. At least that is what I understand for here in Tennessee. Call and talk to a title/closing company or a real estate attorney to see what specific things you need to get it done. Good luck!

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