Lost Evolution asked:


What types of things do I need to look out for when buying from an owner and how much should they know? Fees involved or anything like that ussually?

BaLLs oF WonDeR asked:


I am gonna buy a house that is listed as foreclosure. Originally the house was advertised at 69K and we submitted an offer for 65K (I am paying cash). The owner (real state) took the offer but now they say that we should pay the closing costs… Who actually pays the closing costs when the house is listed as foreclosure?

invictus asked:


I found a nice house on line but it is a foreclosure. What are some of the downfalls of buying one?

SadieAnn_1917 asked:


There are a list of houses for me to look at and buy, but what is the difference b/w a house that has gone into foreclosure vs. bankruptcy?
Which would be more of a hassel? Which would take more time and money to deal with if there is a difference?

clclc asked:


I found a really nice, small house for sale by owner(a minister actually). i’m a first-time buyer so how does this work? walk me through the steps if you can!
how much cash will we actually have to pay up front?(not including the mortgage loan or down payment)

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Princess Anthea asked:


Hi: I live in new york city and I am buying a house up in buffalo ny. It is a for sale by owner the price is $26,500.00 we already had an agent working on another property he said that he would do the paper work for us and wants to charge us $1,500.00 for his services. We found the property our-selves and we also made the deal with the seller. I know that in ny the agent or brokers fee is 6% which they split. we did more than half the work so i think that we should do the same. Is it right for this agent to charge us $1,500.00 off the records. I thank you for any helpfull information.

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expertvillage asked:

How to buy a house for sale by owner in this free online guide to buying a house.

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