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Playing 20 questions with a FSBO

Posted on: Thu, 10/16/2008 - 20:23
Playing 20 questions with a FSBO

Hello Everybody,

This is my very first Forum submission and I hope it was ok to start this (U guessed it, I'm a newby). I was searching and could not find the info I needed.

Hopefully, I'm working on my very first deal which is a FSBO. I made an appointment to walk thru with the owner this Saturday (Oct. 18, 2008). I don't have and can't afford to pay a home inspector.

My question is, what do I ask the homeowner? I just want to make sure I'm not with her on Saturday and get stuck like a deer in headlights? Do I ask about her mortgage (in detail)? Do I just ask the basics and wait to see how free flowing she will be with information?

Please provide a heads up and questions to ask (specifically w/a FSBO) so I can be well informed and make as few mistakes as possible.

Thank you ALL,
Tamzen

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Posted on: Thu, 10/16/2008 - 20:42 #1
Try these

What is Owner Financing?
http://www.deangraziosi.com/node/4037

How To Ask For Owner Financing?
http://www.deangraziosi.com/node/9212

FSBO Deals Have More Flexibility.
http://www.deangraziosi.com/node/7600

Writing FSBO Materials.
http://www.deangraziosi.com/node/7597

An Intro To Contracts for FSBO deals.
http://www.deangraziosi.com/node/7598

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Posted on: Thu, 10/16/2008 - 20:46 #2
Thanks...

...so much Anita.

I'll get right on that

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Posted on: Thu, 10/16/2008 - 20:56 #3
I should also mention.....

I am going into this with the intention of assingning this FSBO

Sorry I left that out Anita.

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Posted on: Thu, 10/16/2008 - 21:00 #4
thats ok..still read

But also look for the post on assigning and using and/or assigns and get really familiar with Deans Forms and Docs page.

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Anita
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TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


Posted on: Thu, 10/16/2008 - 21:56 #5
Did you find any SOLID COMPS

Did you find any SOLID COMPS yet? SULLY

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Posted on: Thu, 10/16/2008 - 22:12 #6
Ask questions to warm up to

Ask questions to warm up to the grand finalie. Make sure you bring your check list to write information down about the property. Every detail counts. Dont be afraid to ask either cause I found that if you dont ask the answer is no. Good luck hope your deal works out

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Posted on: Thu, 10/16/2008 - 22:32 #7
Warming up w/ questions

BMiller81,

What check list are you referring to? Is it in "Forms and Docs", titled "Calculating repair cost"?

Or did you mean questions like:

How old is the roof?
Was the Boiler replaced recently?
How many amps do the house have (that's an electrical question right?)
What type of insulation?
How old are the pipes? etc...
Do you have a mortgage, if so, how many? Is the mortgage assumable?

I feel like I'm leaving out/not thinking of pertinent questions?

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