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October 2012 Moms
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Bought a House - need advice - next steps?

LexiSophie55LexiSophie55 member
in October 2012 Moms
I need some advice.  I've asked around and I seem to get a different answer.

We heard that a neighbor wanted to sell his house and 48 acres.  We looked at it and he accepted our verbal offer.  Now what?

My co-worker is a realator and says she will only take 3% and do all the paperwork.  Is that the route I should go?

Attorney?

Do I need to contact the bank?

ME: 31 PCOS - DH: 32 Perfect. 
TTC #1 started 8.2010. 
BFP #1 3.2.11Blighted ovum, missed m/c, 4.3.11-6.22.11 Provera

BFP #2 Aug 2011 Clomid 50mg+Met missed m/c found 9w5d | cytotec 10.26.11 
BFP #3 - CD36 - Jan. 2012 - 100mg Clomid + 2000met-  Baby Boy born 10.06.12 with 1 in a billion CHD. Perfect otherwise. 

 Image and video hosting by TinyPic 
Open Heart Surgery @ 5 months old.Happy, healthy, and as normal as could be!  We thank God every day.EP/BF for 12.5 months

TTC#2 - November 2012

BFP #4:  O'd on CD25 (Aug. 2014).  DD May 6, 2015. RCS planned.
Beta@14dpo: 184, 17dpo: 520.  44 hr. doubling time.  p4: 54U/S 8 weeks 1 day, 161 bpm
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Re: Bought a House - need advice - next steps?

  • Sharon&PaulSharon&Paul member
    edited June 2014
    My DH is a realtor. In our area the standard commission is 5% split between the buyer and seller's agent, so 3% sounds high for around here. Also it is typical for the seller to pay the realtors commission at closing. If your agent is asking for 3% and the standard in your area is 2.5% you may be responsible for the difference. i would call around to find out the standard.

    Personally I like to get a real estate attorney involved. If you are getting a mortgage they have their own attorney look over all the paperwork.

    A verbally accepted offer means nothing. technically either party can walk away at this point. I would get a realtor and they can help you with the next steps. Good Luck.
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  • Mrs_LadyMrs_Lady member
    No contract not really binding in real estate. Contact a realtor familiar with this
    Congrats
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  • stephcarterstephcarter member
    48 acres?! That's freaking awesome!!

    Definitely definitely definitely get a real estate attorney. We didn't until things got bad and I regretted it big time. This time the first thing we did was contact the attorney. So do that, and get an offer written up.

    Good luck :)

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  • LexiSophie55LexiSophie55 member
    Thanks everyone.

    I had an attorney draw up a quick commitment letter or whatever.  

    We are pretty excited!  I love decluttering

    ME: 31 PCOS - DH: 32 Perfect. 
    TTC #1 started 8.2010. 
    BFP #1 3.2.11Blighted ovum, missed m/c, 4.3.11-6.22.11 Provera

    BFP #2 Aug 2011 Clomid 50mg+Met missed m/c found 9w5d | cytotec 10.26.11 
    BFP #3 - CD36 - Jan. 2012 - 100mg Clomid + 2000met-  Baby Boy born 10.06.12 with 1 in a billion CHD. Perfect otherwise. 

     Image and video hosting by TinyPic 
    Open Heart Surgery @ 5 months old.Happy, healthy, and as normal as could be!  We thank God every day.EP/BF for 12.5 months

    TTC#2 - November 2012

    BFP #4:  O'd on CD25 (Aug. 2014).  DD May 6, 2015. RCS planned.
    Beta@14dpo: 184, 17dpo: 520.  44 hr. doubling time.  p4: 54U/S 8 weeks 1 day, 161 bpm
    image
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