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Updated over 7 years ago on . Most recent reply

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26
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Michael Malloy
  • Flipper/Rehabber
  • Dallas, TX
3
Votes |
26
Posts

How to buy a FSBO with no realtor on either side of transaction?

Michael Malloy
  • Flipper/Rehabber
  • Dallas, TX
Posted

I'm about to buy a wholesale FSBO in Texas for a flip and I'm not coming with a realtor either. Negotiated the price down since the seller wouldn't have to pay any BAC. This is the first time that I've taken this approach and the seller is relying on me to hold his hand for him too. So it's kind of like the blind leading the blind here. (I understand that any licensed Realtors will respond to tell me that I should only use a realtor but please just understand that I'm definitely not going that route this time around.)

Basically, I've made him an offer below the asking price and I'll be paying all of the closing costs. Is there any online template that I could follow to ensure that I've filled out the contract correctly? How do I ensure that he has supplied me with all of the proper disclosures in order to submit the contract over to the Title Co?

If there's some sort of step-by-step instructions that I could access that would be great. Thanks in advance for your responses!

Most Popular Reply

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4,612
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2,993
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,993
Votes |
4,612
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Michael Malloy,

Your attorney should be able to help you close safely and successfully.

Please don't try to DIY - you'll thank yourself later on ...

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