HOW DO I BUY A HOUSE THAT IS “FOR SALE BY OWNER”? DOES THE SELLER OR THE BUYER PREPARE THE PURCHASE AGREEMENT?
The first step is to contact a lawyer who can advise you about reasonable and achievable terms in a transaction. The next step is to contact the owner and discuss these terms. Either you or the seller can then prepare a purchase agreement, and your lawyer can help you with this process to ensure that your interests are protected.