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  • buying a for sale by owner home FAQ


    No difference to you the buyer. the seller is just saving money by not paying a realtor commission.
    You the buyer go through the same process. If you use a realtor then you pay their commission yourself. All you really need to do is pay for


    I would strongly suggest getting a real estate attorney involved. You need someone in your corner here, and the real estate agent should be working for your friend, not you.


    Homes offered without a real estate agent can be offered for less because the seller doesn't have to pay a commission. Also, many Sellers are not tuned into the current market prices and can easily under price the house.


    I would contact a local realtor to act as my Buyer Agent.

    The owners are acting as selling agent to boost the NET amount they receive @ the end.

    I wouldn't let their choices of professional representation stop me from using

    buying a for sale by owner home news

    How to Buy a Fixer-Upper With FHA 203(k) Financing

    18.05.12

    SANTA ANA, CA, May 10, 2012 (MARKETWIRE via COMTEX) -- Drive just about anywhere and you can find homes which would be great to own but plainly need repair and updating. The problem? Most mortgages help you buy a home but provide no funding for repairs.

    "There is an exception," said Ray Brousseau, executive vice president with Carrington Mortgage Services. "FHA's 203(k) program lets you buy the house you want now and then provides the money you need to make repairs. With 203(k) financing you can buy an older home and fix it up, or you can purchase a short sale or foreclosure in need of repair with the 203(k). You can also buy a property which is in good shape but would be better with modernization and more energy efficiency."


    Source: MarketWatch (press release)

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