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Category: Business Strategies Current Grade: A Total Views: 699 Member Comments: 2 |
Posted on: 07/16/2007 Posted by: THINK OUTSIDE THE BOX Blog Points: 487 View all blogs >> |
I have an offer on a property from a fsbo. I want to make sure that I get all the paper write. I don't think they know what they are doing. I'm buying it on a lease option. What kind of paper would I need, or what kind of paper work should they have so that the deal goes through nice and smooth. If any one out there could help me it would be greatly appreciated.
Jason
You will need a rental agreement, and a lease option agreement.
Do get someone who knows what's going on to represent you. Make sure they have clear title and have stipulations preventing refinance and such
1. Find a real estate attorney in your state and PAY him the fee to review the contracts and give you advice. I would check with your current list of referral people. If you can't find one, call your local bar association.
2. Find an experienced real estate buyer's agent who has dealt with a lot of FSBO's.
I would not buy that property without doing one of these.
Good luck.
All the Best!
Steven Currie
931-647-4333
Pay Off Your Mortgage in HALF the Time
http://www.mywaytofreedom.com/