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Updated about 4 years ago on . Most recent reply

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Greg Mesa
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15
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Contract for buying property FSBO

Greg Mesa
Posted

I'm an investor of single family homes and usually use an agent to submit offers/contracts. I want to prepare for the day I deal with a property that is for sale by owner and only wants to sell directly to a buyer. Below is a link to the contract/offer we usually submit, but if I'm going to do the deal myself, do I legally need need a broker? If not, do I just omit the broker information on the contract?   

I have a TX attorney that has done some deed work for me, and I plan to get his opinion, but I just would like you hear about any experience you've had. Thank you!

https://www.trec.texas.gov/for...

Most Popular Reply

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887
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Jerel Ehlert
  • Attorney
  • Austin, TX
758
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887
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Jerel Ehlert
  • Attorney
  • Austin, TX
Replied

All TREC documents can be used by the general public. They are produced by a committee of Texas licensed attorneys, RE brokers, and non-licensed people.  If licensed under Texas real estate licensing act, you MUST use these when representing others.  Everyone else can if they want to.  Before I became an attorney, TREC is what I used because it covered almost all the bases for most transactions and title companies know what each blank does.

If you understand the TREC contract and comfortable knowing your limits, go for it.  If you get out of your depth, consult a lawyer.

  • Jerel Ehlert
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