How best to go about a private house sale?

Get Legal Help Today

 Secured with SHA-256 Encryption

How best to go about a private house sale?

My family is renting a house for over a year. We are looking to buy and are prequalified and have money saved for a hefty down payment. We love the house we’re renting and have asked the owner if he’s interested in selling. He is and has supplied us with an asking price. What would our next step be to determine what our offer will be and who should we bring onboard to help? We’ve gotten comparables and adjusted them for square footage, etc.

Asked on March 26, 2012 under Real Estate Law, Florida

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

Then I would go and consult with an attorney experienced in real estate law as soon as you can to ee if there are any ways your state allows you to bind the owner.  Then you can try and negotiate the price yourselves if you have a good relationship with the owner. It is not unheard of to bring on the lawyers after the terms have unofficially been agreed upon.  You then both hire lawyers to formalize a contract. Good luck.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption