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Updated over 3 years ago,

User Stats

6
Posts
3
Votes
Somdeb Majumdar
3
Votes |
6
Posts

How to buy an FSBO in California

Somdeb Majumdar
Posted

Hello BP - I have an interesting situation. While doing rental history check of a potential tenant, I find out the owner is selling. I popped the question if he is willing to sell direct - and he says yes! It's not on MLS yet. Problem is - I have no idea how to buy direct from owner; all my rental properties have been through a realtor.

I am Googling furiously as we speak - but it would be super helpful if you folks can guide me into how to go about it. This is in San Diego

I guess I need a real estate attorney to draft a purchase agreement? Does the attorney also write addendums and counter offers?

How about escrow - do we just mutually choose one that has nice Yelp reviews?

Anything else I should be Googling? This has to be direct sale for the numbers to work for me.

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