Long story: I wrote a homeowner a written note that I wanted to buy her house. She called me back and allowed me to tour the home. The house is in terrible unlivable condition. Needs new plumbing, sewer, HVAC, etc. The home is in a highly sought after neighborhood. Worst house in the nice neighborhood scenario.
She likes me and wants to make a deal to sale me her house. She thinks it's worth way more than what it's appraised value on the tax roll. Neither one of us are sure how to value the property, so we decide she'll order an appraisal, and I'll purchase at the appraised value. She tells me she does not want to deal with a realtor.
I told my realtor the situation and that I want her help, but the seller doesn't want to deal with a realtor.
How should I approach the contract/offer? Have an attorney draft an offer contract? I absolutely need to go through title search/insurance.
She likes me and wants to make a deal to sale me her house. She thinks it's worth way more than what it's appraised value on the tax roll. Neither one of us are sure how to value the property, so we decide she'll order an appraisal, and I'll purchase at the appraised value. She tells me she does not want to deal with a realtor.
I told my realtor the situation and that I want her help, but the seller doesn't want to deal with a realtor.
How should I approach the contract/offer? Have an attorney draft an offer contract? I absolutely need to go through title search/insurance.