Laws require sellers to reveal known defects. Escrow Account: Use a third party to hold the deposit. đź’ˇ Pro Tips for Success Verify Everything: Ask for utility bills and tax records.
Ensure the seller actually owns the home. buying a house from a private owner
A written contract detailing price and terms. Laws require sellers to reveal known defects
Don’t rely on the seller's "gut feeling" price. ⚖️ Legal Must-Haves Ensure the seller actually owns the home
Buying a house directly from a private owner—often called a transaction—can save you money on commission, but it requires more legwork. 🏠The Pros and Cons Lower Price: No agent commissions (usually 5-6%) to cover. Direct Talk: You speak directly to the decision-maker. More Work: You handle the paperwork and negotiations alone.
Never skip this; look for hidden "deal-breakers."
Even without a Realtor, hire a Real Estate Attorney .