I have a question about a FSBO (for sale by owner).
The owner agree on my offer. He said give him:
1. attorney name, info
2. $1500 non-refundable check to the address
3. pre-approve mortage info
He said #2 is "quite standard" for this kind of real estate sale. For him to take it off from the listing. The non-refundable part smell fishy to me. Cause i never heard of that part. (my parants bought a FSBO and i really they do not remember they did any non-refundable check...., i put on a few offer for other MLS house and got the money $1000 back when the deal do not go through. )
So even there is a deposit, it should be to a attorney or others right?
I should find an attorney and talk it over, but i guess some of ATer know.
The owner agree on my offer. He said give him:
1. attorney name, info
2. $1500 non-refundable check to the address
3. pre-approve mortage info
He said #2 is "quite standard" for this kind of real estate sale. For him to take it off from the listing. The non-refundable part smell fishy to me. Cause i never heard of that part. (my parants bought a FSBO and i really they do not remember they did any non-refundable check...., i put on a few offer for other MLS house and got the money $1000 back when the deal do not go through. )
So even there is a deposit, it should be to a attorney or others right?
I should find an attorney and talk it over, but i guess some of ATer know.