All Forum Posts by: Kristen Shook

I appreciate your input. I agree and that's what I was told which caused me to want to get more opinions and look into it more before making a final decision. The next question really is how much would the title company/attorney cost and would it be equal to or close to equal of an agent or a lot less? I have also debated on contacting my agent with all of my information and asking how much he will be charging..... or is that not a good thing to do? Lol. This will be my first deal so I don't want to do anything shady but I do want to be upfront and honest. 

Another thing is that I've been building a relationship with an agent and he has let me into a few properties. I feel like I owe it on my end to continue to help me through the process. What would the cost difference be between the agent and the attorney?  

So when I asked another agent their opinion on this and stated that an attorney could also help, they basically said that the cost for an attorney would be around the same that it would be for the agent.. just trying to get others thoughts and opinions since I'm new! :) Thank you for your thoughts!

I appreciate the insight! I honestly feel like I could learn how to do the title exchange but I have also built a relationship with an agent who has helped me into a few houses to look around so I want to do my due diligence. I feel like it wouldn't be right morally to just go through with a deal by myself, you know? 

Thanks for your thoughts! I've been seeing a mix and hearing mixed answers on if they buyer pays or not. Someone explained to me that it can seem as if the seller is paying but the seller really slides in the cost into the closing costs, I am new to this and this would be my first deal so I'm just trying to gather as much info as I can. :) I may just allow the agent I've been seeing houses with to assist me in this first purchase since we have been building a relationship.

I am interested in a property that is on the market for 56k. I know the seller personally and she is selling 'for sale by owner' as well as 'as is'. I have spoke to her and she is willing to go down to 53k-54k since she knows me and has already moved into her next home, she doesn't want to continue to pay two mortgages. **Will be my first deal**

Since she is selling 'as is' and there is no room for negotiation (as we already spoke about how low she would be willing to go for someone she personally knows) is a real estate agent really necessary at this point? Would it just be costing us money? I know that I could go to a title company and have a title to fill out then have it approved by my mortgage loaners. She also has a friend who would be willing to help us through this.

Should I contact my agent and see how much they would charge?

What are your thoughts and/or opinions? 

Property is in a good spot of town, 5 minute drive from the local college. 2br with a basement that has room for either 2 additional bedrooms or 1 bedroom and a kitchenette space. It does need a little work (cosmetic) but it is already priced below county value on a 0.19 acre lot.  

Advice?!

Thanks!!

Kristen Shook

Nice to meet you Bryan! Maybe I could venture out to the KC in the near future to build some relationships! Good luck on everything.

I'm new to real estate, I've been learning for a few months now, at least. Im looking to start with a house hack and focused towards student housing and/or Airbnb. I have starting money saved, still generating income from my 9-5 and constantly saving from it. I'm looking to network 🙂

@Mark Kenny what part of the Midwest are you focusing, if you don't mind me asking?