Buying a house ';for sale by owner';. how does it work?

I found a really nice, small house for sale by owner(a minister actually). i'm a first-time buyer so how does this work? walk me through the steps if you can!


how much cash will we actually have to pay up front?(not including the mortgage loan or down payment)Buying a house ';for sale by owner';. how does it work?
none to a few thousand dollars. Most of the money will be paid at closing.





If I was buying a house, I would hire a real estate attorney to do the closing. You need to make a offer pending getting a mortage and a home inspection.





You want to hire a perosn to do a very good home inspection. This will tell you any and everything wrong witht he home. They may also be the one to do an apprasial on the home, but often you will need to pay someone to do an apprasial for the property.


Also in most areas there has to be a terminte inspection.





So someone has to pay for the above, in some cases it would be the seller ( for maybe the terminte inspection.





So at this point you will hire someone to do a title search to be sure there is a free title, and buy title insurnace to protect the title of the home.





You need to find out how they are going to deed the title to you, a warranty deed is best.





Then at closing you will have to pay the points needed on your mortage, and the remainder of any down payment ( you would have paid a small amount at the time of offer.





But above all hire a real esate attorney to walk you though it.





This is for your protection.