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Owner is selling for $ 280,000. Private sale, no agent involved.
The owner is asking 280 K for the home, no agents involved. We are putting in about 5% down payment and taking loan from the bank.

2 Thoughts on For buying home from owner, who do we contact for drawing contract and how much will be the closing cost?
  1. Reply
    Steve D
    August 8, 2011 at 3:28 am

    Contact a good real estate lawyer to have the sale papers drawn up. The closing costs will depend on whether you are financing the sale or not (mortgage). If you are, the mortgage company will provide a Good Faith Estimate for you (figure between 3 and 5% for closing with a mortgage and somewhat less without one).

  2. Reply
    Doctor Deth
    August 8, 2011 at 4:26 am

    if yo are not using real estate agents, the you should get a real estate lawyer to draw up the sales agreement, etc – you are on your own for arranging an inspection (and you are an idiot if you don;t get one), appraisal, title company,etc

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