Posted by Goose on October 19, 2016 at 09:18:08 from (70.198.0.86):
In Reply to: OT: house buying posted by Mike M on October 19, 2016 at 08:50:57:
When I sold some farm land several years ago, I simply had our attorney draw up the paper work.
However, buying a house is not that simple. I'd contact your lending institution and your attorney in that order. The lending institution will know to have all the proper inspections and appraisals done, and your attorney can see that everything is in order. But an agency can simplify things. You see a lot of "By Owner" (BO) homes on the market for a couple of months, and then see the same home listed by an agency.
My wife and I are looking to buy a house in town and renting it out until such time as we may want to move in out of the country, either by choice or necessity. We recently looked at a house for sale by the owner and it was clear he was in over his head. The house looked like a money pit to start with, plus it was way overpriced. We passed on it. An agency would have handled it far more professionally and would have researched comparable sales to bring the price in line.
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