Cohousing-L Mailing List: Re: Steps to buy a house directly from owner (no realtor involved)

[Joani Blank (joani]

There's a company in Berkeley (near you, Veena) called Realty Advocates, 
that does all the paperwork for a flat fee.  These guys are licensed real 
estate agents, but in this case they work for a very low flat fee, way, way 
less than 6 or even 3 percent of your sale price.  Almost all the resales 
at Doyle St. Cohousing over the last 11 years have been handled by 
them.  For those of you in other parts of the country, I know for sure of 
two other metro areas outside of California where there are companies that 
do the same thing, so look around.

The buyer and seller, having agreed on sale price, go to their office 
together for one conversation with one of the two partners, and they handle 
all the rest.  I can't remember how much it costs but I think it was a flat 
$750 when I sold my unit. In any event it is less than $1000.  The buyer 
and I split the cost, but you can do a different split, or either one can 
pay the whole thing, whatever you decide.



> Veena Achar <veenaachar [at] hotmail.com>
> is the author of the message below.
> It was posted by Fred the Cohousing-L list manager <fholson [at] cohousing.org>
> because the message included HTML ;      PLEASE do not post HTML, see
>    http://csf.colorado.edu/cohousing/2001/msg01672.html  and
>    http://www.harley.com/turn-off-html/
> --------------------  FORWARDED MESSAGE FOLLOWS --------------------
> Hello
>
> we are going to buy a unit in a cohousing community in Bay Area,
> California. We are buying a unit from members who have lived there for the
> past two years. The current owners and we have agreed that it makes sense
> to handle the paperwork directly (since t hey want to sell to us and we
> want to buy from them and we have agreed on a price)
>
> Since we (both sides) are not going to use a realtor, my questions are
>
> -has anyone in cohousing done this before without using a realtor?

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