FSBO's happen all the time.. you simply take your contract that you can buy at the store.. fill it out   its fill in the blanks and go hand it to an escrow officer open escrow and they will do the rest.If your getting an appraisal means usually your getting a loan.. your lender will coordinate with the escrow officer.things you should do though1. get a full home inspection done that you pay for. and then negotiate any items that you deem necessary to be fixed.2. make sure you run the comps accurately.. many FSBO's are over priced by sellers that think THEIR property is special.  3. when you get the preliminary title report make an appointment with the escrow officer and have them walk you through it line by line.. so you fully understand what the state of your title is.. if this is lot and block subdivision stuff it should be pretty tidy.. also the lender will need tax's paid and be in first position so if there are any liens etc those will get handled by the title company out of the sellers proceeds.4. do not need agent to meet apprasiser and many frown on that these days lest the agents are steering the values.. although as @Kiersten Vance mentioned a top notch agent will have supporting documentation to support the listed price or the sales price.. to assist the appraiser. 5.

@Kevin Steer I probably was not clear enough sorry!

I have family that live in a few different areas of the city and the areas they have told me to generally steer clear of are Fountain and some areas near Airport Rd.  

I have seen several clients go for the lowest and lose thousands more in poor service (I can't steer them to a lender/home inspector/lawyer. but I have seen the bargain basement of each reek havoc on a client).

I'll steer clear of Chase for the HELOC.

Should I steer clear of this deal due to the floor?

Any other watch outs or parts of town I should steer clear of?

@Linda Weygant So I Finally found an attorney with experience in asset protection and he steered me in the right direction.  

(at all costs, avoid "steering").You got a good deal, the property doesn't seem that bad...Suggestions:When you rehab put a sign out front asking for a laborer from the neighborhood.

I’d steer clear of anywhere near Sherman ave unless you plan on being very management Intensive.