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Home » CHFWeb Forum » General Chats » house buying questions
house buying questions [message #819934] Mon, 15 May 2017 11:22 Go to next message
Rosemary-MI  is currently offline Rosemary-MI
Messages: 1321
Registered: April 2005
Location: Lower mid Michigan
Senior Member
My son has been looking for a house since last December. He looks, kind of likes and by the time he is ready to decide they have sold it. His real estate agent hasn't found to many he likes. She said keep trying. Well...we have a house we found being sold by the owners. It's someone my dh went to high school with and use to work with a relative of ours. They are not going to use a real estate agent. A friend told us to just hire a real estate lawyer and it would cost far less and they do the same things the agent would.

So if he gets this house (there is another party that has first dibs) how do we proceed? Anyone every bought without real estate people?

And if we decide not to use his agent how do we tell her we found a house and don't need her as an agent anymore. It feels awkward.

~Rosemary

[Updated on: Tue, 16 May 2017 14:44]


I don't suffer from insanity, I enjoy every minute of it!
Re: house buying questions [message #819940 is a reply to message #819934 ] Tue, 16 May 2017 17:35 Go to previous messageGo to next message
Lisa R.  is currently offline Lisa R.
Messages: 14917
Registered: April 2005
Location: Georgia
Senior Member

I would definitely see an attorney. Your closing will have to go through an attorney anyway (unless you're *really* knowledgeable!!), and it would essentially be the same, but without having to pay the realtor fees.

As to your realtor, I imagine it would be awkward, but you'd just say, "Thank you so much for all your help. Our friend has offered us the perfect house, but doesn't want the services of a realtor. I'm sorry, but ds is going to take this house and go through the attorney."

I'd probably get her a gift card to a restaurant or something, as a token of appreciation for her services to date.


Blessings,
Lisa R.
Re: house buying questions [message #819943 is a reply to message #819934 ] Wed, 17 May 2017 13:11 Go to previous messageGo to next message
Rosemary-MI  is currently offline Rosemary-MI
Messages: 1321
Registered: April 2005
Location: Lower mid Michigan
Senior Member
Thanks Lisa,

We thought of the gift card too. Our banker said sellers pay all costs so if they are not using a relator then ours wouldn't make a commission. He also told me we can get a packet from the title company in town that has a step by step on "for sale by owner" necessary paperwork. So we shall see.
~Rosemary


I don't suffer from insanity, I enjoy every minute of it!
Re: house buying questions [message #819946 is a reply to message #819943 ] Thu, 18 May 2017 09:30 Go to previous messageGo to next message
Lisa R.  is currently offline Lisa R.
Messages: 14917
Registered: April 2005
Location: Georgia
Senior Member

Did you hear anything yesterday?


Blessings,
Lisa R.
Re: house buying questions [message #819948 is a reply to message #819934 ] Thu, 18 May 2017 11:32 Go to previous messageGo to next message
Lucille  is currently offline Lucille
Messages: 757
Registered: April 2005
Location: S. W. Washington
Senior Member
We did it, and we got the information we needed from the title company. They were very helpful.

In 1993 we ended up buying a 'for sale by owner' after using a realtor & gave her $100 for her trouble.


Lucille
Re: house buying questions [message #819950 is a reply to message #819934 ] Thu, 18 May 2017 14:47 Go to previous messageGo to next message
Rosemary-MI  is currently offline Rosemary-MI
Messages: 1321
Registered: April 2005
Location: Lower mid Michigan
Senior Member
Haven't heard a thing and we are looking at another house this Saturday. The seller was suppose to know by Wednesday. I'm going to wait to contact her but we need to know by Saturday evening as that is when we go to look at the other house.

Our bank said my son won't get a loan if there are any bare (sub-floor) floors. They tore out the carpet because of a dog. I think it's crazy for them to buy carpet. Why can't my son buy it after he buys the house? Everything else seems OK. There was an issue with the flange on the chimney but the seller is getting that fixed this week. I think we are going to have more problems with the bank than anything else.

~Rosemary

[Updated on: Thu, 18 May 2017 14:48]


I don't suffer from insanity, I enjoy every minute of it!
Re: house buying questions [message #819978 is a reply to message #819950 ] Wed, 24 May 2017 12:07 Go to previous messageGo to next message
Lisa R.  is currently offline Lisa R.
Messages: 14917
Registered: April 2005
Location: Georgia
Senior Member

Banks and loans are so weird when it comes to houses. With our first house, we bought, closed, and a couple of weeks later, the former owner came by to re-do something around the woodturning stove. Even though the bank and the insurance and everything approved and went through with the closing, the insurance came back later and said they had to fix that. Not us. The former owners. How crazy is that?!


Blessings,
Lisa R.
Re: house buying questions [message #819979 is a reply to message #819934 ] Wed, 24 May 2017 13:50 Go to previous messageGo to next message
Rosemary-MI  is currently offline Rosemary-MI
Messages: 1321
Registered: April 2005
Location: Lower mid Michigan
Senior Member
The seller is getting an appraisal so she can come up with a price. We won't hear anything for three weeks. We were told we couldn't use that appraisal for the loan either and we have to get our own separate one. At that rate it will take a few months before this does anything. We just hope after all this waiting the price isn't out of his range.
The other house were to look at Saturday wasn't suppose to be listed. It was a computer glitch.

~Rosemary


I don't suffer from insanity, I enjoy every minute of it!
Re: house buying questions [message #820003 is a reply to message #819979 ] Tue, 30 May 2017 23:01 Go to previous messageGo to next message
Lisa R.  is currently offline Lisa R.
Messages: 14917
Registered: April 2005
Location: Georgia
Senior Member

Who told you you couldn't use that appraisal for the loan? I'd probably appeal that decision.


Blessings,
Lisa R.
Re: house buying questions [message #820057 is a reply to message #819934 ] Mon, 19 June 2017 11:00 Go to previous message
Rosemary-MI  is currently offline Rosemary-MI
Messages: 1321
Registered: April 2005
Location: Lower mid Michigan
Senior Member
The seller was told you couldn't use the same appraiser that the bank will want their own. I'll ask the banker and see what they say. Might move things along a little.

~Rosemary


I don't suffer from insanity, I enjoy every minute of it!
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