selling a house

I am selling my house and I am thinking about selling it by owner. I have someone who is interested what is the first thing that needs to be done? Does the buyer need to get approved for the mortgage before the Lawyers can draw up the contract?

[HomeGuru]

[quote]Originally posted by risslerj
[b]I am selling my house and I am thinking about selling it by owner. I have someone who is interested what is the first thing that needs to be done?
**A: hire a real estate attorney.
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Does the buyer need to get approved for the mortgage before the Lawyers can draw up the contract?

**A: no, the purchase can be contingent on financing.
But, in most cases, a prequalification letter should be submitted along with the offer.