Next time, will you call a Realtor when you buy your San Antonio, Texas home?

Next time, will you call a Realtor when you buy your San Antonio, Texas home?

A local credit union referred a couple to us who were in need of some "homebuying advice". Seems they were in a bit of a bind with a homeowner they had an agreement with to purchase her home in San Antonio, Texas. Earlier this year they signed a "purchase agreement" with the homeowner, gave her some cash & moved in!

They were told it was going to be a "non-qualifying assumption" since they couldn't qualify on their own & the money was going to be used for "paperwork" & such & they had 3 months to get it all done.

Here we are a couple of months later, they can't get in touch with the homeowner, can't verify what, if anything, has been done & the roof is leaking, the floor needs attention & they are having plumbing issues.

Repeat after me:

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I gave these folks the name of a Real Estate attorney to see if there's anything that can be done for them. The contract they have was written by the homeowner, it is signed by all parties but isn't notarized or recorded anywhere. I suspect their contract is as good as the paper it's written on.

These folks might be out some hard earned money by agreeing to the terms of this contract. They will definitely be out even more if they have to hire an attorney to get it settled.

Using a Realtor to purchase a home is free of charge to the buyer, call one before signing anything!