1. They can help advise you on the right offer to make to have a better chance of acceptance.
2. They can help advise you on which finance companies to use and which deal is really better. For example are you familiar with which lenders typically close on time and which don't. What's the downside for you if you pick the wrong one? I know I've saved some of my customers thousands of $, even when they thought their brother-in-law was doing them a favor.
3. Do you know some of the typical terms of the contract....the different between option money and earnest money? What are typical amounts for these fees, when are they refundable, how fast they have to be paid, etc.
4. Do you know which title companies have a reputation for closing on time and which don't.
5. Do you have a board certified real estate attorney you can call if needed to ask a quick question for FREE.
6. Do you have the ability to look at recent sales prices in the area? Do you have the ability to see what they potentially paid for the property?
7. How will you know if there are any liens on the property and that taxes are all paid?
8. How will you know that they aren't facing foreclosure and that if they don't close by X date they will lose the house, even if they have a contract to sell it to you?
9. How will you know that they don't have federal tax liens that might prevent them from selling the house to you?
10. What disclosures are they required to give you to ensure the contract is valid?
These are just some of the many questions that are vital to buying or selling a home and that are almost impossible for someone to know who does one transaction every 2-3-5 years.... more