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Updated over 7 years ago on . Most recent reply
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Write my own offer?
Hey BP,
I would like to ask some recommendations from other investors. I have spoken with an owner for a property that he is willing to sell for 185k. He doesn't want to use an agent due to the commission he would have to pay. I spoke with a buyers agent who said they would charge 3k to represent me? I am assuming that just involves submitting a purchase agreement?
Would I be better off writing my own purchase agreement? This is in Florida by the way, I'm not sure if there is anything state specific involved here.
Thank you!
Most Popular Reply
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Is the property a deal for you, have you done comparables and know what you are doing?
Have you negotiated the deal to the best of your ability?
Are you abreast of that market and know the ups and downs of the area/neighborhood?
Have you bought property before?
Have you done or scheduled a home inspection?
Etc.....
If you answered yes to these questions then I would probably just hire a RE Attorney to make sure you have contracts that work for you and that you have an out. I'm in NY and an attorney would charge you about 1500, in PA where I flip properties an attorney will charge me 585. Weigh your options, and I'm a broker telling you this.