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Private Real Estate Sale (No Agents)
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[QUOTE="UConnKev, post: 3793088, member: 852"] As I mentioned in an earlier post my family are in the process of buying a FSBO. Luckily we have been dealing with the owner who is very responsive and willing to make things go as smoothly as possible. This is a sellers market and finding a nice FSBO is worth the extra effort due to houses going on the market and getting 15-20 offers within days of being on the market and you may find a seller who doesn't want many people in their house which was what happened with us. We ended up receiving a message on facebook after posting in the local town facebook page that we were looking for a house that bad 3 to 4 bedrooms and at least 2500 sq ft. We were inundated with messages within a few hours of people looking to sell. Just be mindful that you will get messages from realtors looking to represent you. As for our mortgage process. We really wanted to support the smaller, local mortgage brokers but found that they couldn't really come close to some of these .com mortgage places. Costco is offering a service that limits the lender fees to $250 or less for executive members and lower interest rates that I could find. Ultimately at the last minute before we were to sign paperwork from one of the mortgage lenders through their site I received a text from lower.com who I inquired info from a few days prior. Not only did they match the Costco lender on the interest rate and APR but they came in with more cash back at closing and significantly lower closing costs. We aren't out of the woods yet as the house is being appraised tomorrow but so far I have nothing but positive things to say about them. [/QUOTE]
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