(All verbiage is My opinion)
Zillow.com
Trulia.com
They may have so much information that you can't but help pull up a property on those sites. But, when working with a Realtor. Don't use those sites but for informational purposes. Don't get me wrong they might include a lot of information that is helpful like status on neighborhoods, sizes, etc. But, I'm finding more inconsistencies than I am finding correct information. Mostly in regards to homes that are on those sites listed for sale or rent. So far every one that a client has told me about when using those sites were never even on the market at the time we were looking to begin with. To refrain from wasting time only use your Realtor's website, portal that is sent to you, or possibly
Realtor.com
for the most accurate of information.
There will always be somewhat a window of 24 hours that a home can be update on MLS listings therefore as a Realtor I always call the Seller's Agent to verify if that property is under contract or offers have already been set up so as not to entice my current client with a home that we might not be able to put an offer in anyway. Plus, wasting time, gas, and labor for a house that might not be available isn't wise.
www.dedecroy.kwrealty.com
Currently a Realtor with Keller Williams
I focus on worldwide military transfers.
I'm certified in Military Relocations.
I also do all Leases for the Dallas Fort Worth area and the metroplex for anyone moving into the state of Texas. 817-676-1585
Dede Croy Your Realtor
Thursday, March 5, 2015
Client Question: Thoughts on FSBO For Sale By Owner & an Offer Process
(This is my opinion)
We were wondering
if you had any thoughts on what to include in an offer? we can find
sample offer letters online. I assume that since it's FSBO it doesn't
have to be anything formal...just offer amount and any contingencies
(appraisal, home inspection), details on loan (down payment), and
proposed earnest money amount to take it off the market (which I assume
should go to the title company to be held in escrow)...Back
in 2004 I was apart of a FSBO purchase on a home. We went and looked
at the home. We got it inspected. We met them at a starbucks coffee
shop and he made them an offer on a piece of paper with the number on
the paper of what he wanted to pay for the home. He had already been
prepapproved so he knew what he could spend. The deal was made and they
used the state form for purchasing a home which is different from state
to state I would think. Here we use a Buyers Agreement form
established by TREC our governing agency. It would be easy to find out;
pick a title company which I can help you do as well and the title
company will tell you what forms to have or even possibly help you fill
them out after you and the Owner have decided on terms.
If
you are getting your money from a bank you will do your business money
wise with the bank. The bank writes the Owner a check at closing (at
the Title office I believe) and you don't need to discuss anything
except how much you want to pay for the home. I DON'T ADVISE any home
owner financing PERIOD!
To make sure the person doesn't sell the house on you while you are getting it inspected you could say just that.
So steps:
PREREQUISITE;
Get a PreQualified VA loan letter for an amount you are able to spend.
If the home is selling for 600,000 but you are qualified for 750,000
ask your banker to have the VA prequalified letter say 600,000 ( no need
telling everyone what you can qualify for). VA loans make you do
several things different including sometimes using their own inspector.
Make SURE you understand this before you go to the house you want to
buy; miss steps and you might have to go out of pocket on somethings.
1)
Find a Title Company you want to use. I'll forward you three in
another email. Find out what forms the title company needs you to fill
out with the owner when the buy is going through while you have them on
the phone. You'll need the form for Number 5.
2) Find a home. Schedule to look at it.
3)
If you want the house, I mean if you make an offer and they say yes you
are ready to buy it. Then in writing, offer them a X amount to take
off the market as an option period so they don't sell the house while
you are arranging and having a home inspection done.
Example Letter can clearly say:
I, STATE YOUR NAME, current address and phone number, with STATE YOUR COMPANY
are interested in residential property at X. We would like to have an
opportunity to have the home inspected. By doing so we would like to
ask you to take the home off of the market by giving the Owners X and X
option money in the amount of X dollars. Home offer will be contingent
on home inspection.
Option money will go towards the purchase of the home in any case the home is purchased by STATE YOUR NAME. Otherwise, if we do not purchase the home, the option money is given to the home owner.
We ask to allow X (ten ?) days to have the home inspection done. As a Veteran's Loan may be used their criteria may not be determined......
Option money will go towards the purchase of the home in any case the home is purchased by STATE YOUR NAME. Otherwise, if we do not purchase the home, the option money is given to the home owner.
We ask to allow X (ten ?) days to have the home inspection done. As a Veteran's Loan may be used their criteria may not be determined......
4)
Get home inspected. Check with Lender / VA banker to make sure you
follow or use who the VA needs you to use based on the type of loan you
need. Since time is of the essence DO NOT PROCRASTINATE. Inspectors
take time, reports take time, bankers take time, which can exhaust all
the time you have allotted and weekends take time off your time too.
5)
If the inspection comes back excellent and you are following through
with the buy. Meet in public or even at the Title company so you can
move forward right then-but MEET and write your offer in writing and
sign your name and date it or have all this ready. It doesn't need to
be a big thing, just the offer on paper.
See if they accept. You can go back and forth. Once agreed upon finish the form the title company needs you to have (which you asked at #1) and plan to go to the Title company to finish everything up.
See if they accept. You can go back and forth. Once agreed upon finish the form the title company needs you to have (which you asked at #1) and plan to go to the Title company to finish everything up.
TITLE
COMPANY WILL MAKE SURE THE HOME HAS A CLEAR TITLE; NO LIENS ON THE HOME
BEFORE YOU MOVE IN. THEY SHOULD HAVE A LAWYER ON STAFF TO DOT THE I'S
AND T'S TO MAKE SURE ALL FORMS ARE RIGHT AND FILLED OUT CORRECTLY.
BAM....done!
Friday, February 27, 2015
The Start
The day I started Real Estate (May 2014):
I run a pet grooming business. I really wasn't sure why I had a calling to do Real Estate. It just happened. I knew in my current business that one day, and that one day might be approaching soon since I could feel it literally in my bones, that just maybe I needed a back up plan.
I have been a sociable person when it comes to talking to people and really when it comes to helping others. But, I have never had a problem walking into a room of strangers and really talking to people I didn't know. So, I figured Real Estate may be a perfect place to land my feet while I transition the next 10 to 15 years of my career into something that won't take a physical toll as I get older.
Yea, I'm talking about getting older already. In my 30's. I just want to be ready for the physical down turn of handling pets; because if you didn't guess, it can be very physically wearing.
So, here I go. I hope you come along for the ride.....
(This is an entry today 2/27/14 as I go into the past to catch up the blog to the current day)
I run a pet grooming business. I really wasn't sure why I had a calling to do Real Estate. It just happened. I knew in my current business that one day, and that one day might be approaching soon since I could feel it literally in my bones, that just maybe I needed a back up plan.
I have been a sociable person when it comes to talking to people and really when it comes to helping others. But, I have never had a problem walking into a room of strangers and really talking to people I didn't know. So, I figured Real Estate may be a perfect place to land my feet while I transition the next 10 to 15 years of my career into something that won't take a physical toll as I get older.
Yea, I'm talking about getting older already. In my 30's. I just want to be ready for the physical down turn of handling pets; because if you didn't guess, it can be very physically wearing.
So, here I go. I hope you come along for the ride.....
(This is an entry today 2/27/14 as I go into the past to catch up the blog to the current day)
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