Houses For Sale in Texas

We recommend that all buyers retain the services of a couple of pros, a real estate attorney, a professional appraiser, and a title company. Approximately 20 percent of the real estate market is made of "for sale by owner" listings. Many buyers are curious and ask the question, "Do I need a real estate agent now to buy that 'for sale by onwer' home. That depends if the buyer is comfortable buying a major family purchase on good faith. Some buyers may feel that a FSBO transaction could actually hinder the buying process, as they feel that the agent would want the seller and buyer to pay a real estate commision fee.

Anyone can buy a "for sale by owner" home , provided they follow these rules:

1. Get Pre-Approved: A pre-approval letter will let sellers know you are a serious contender who can afford to purchase their home.

2.Find out how much you can afford on your income, debt level, mortgage rate and down payment.

3.Start Searching for Homes that are For Sale By Owner

4.Get an Appraisal

5. Hire your own Lawyer

6.Get the home inspected

7.Lock in your mortgage rate

8.Close the deal with your attorney at the title company.