Asked by Jon, Milwaukee County, WI • Tue Jan 11, 2011
In 1998 new to US we bought a home from a "For Sale by Owner" here in Milwaukee, because I was from Australia and they have a gazum ping issue over there where another person can make a higher bid even though you have left a deposit. After I was shown thru this house here in Mil I made a decision on the spot and gave them a oral offer plus a check for $1000. I told them I would not leave until they accepted the the offer and put it in WRITING as they stated they were having viewings over the next 3 days. We showed them our approval for the VA loan and we waited outside while they made some calls to lawyers I believe. Two hours later the papers were signed so legally we were the new owners contingent upon all paperwork, inspect'. We went to our bank and informed them of the home and they informed us of all nescessy protocol ie inspections etc. We never paid a dollar to the bank or an agent.The bank was our representative at the closing and all we did was sign a stack of papers.
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