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Posted: 3/3/2015 5:03:25 PM EDT
[#1]
I sold one of my houses myself. I think I got advice from a realtor friend. Had to hire a title company to handle the title paperwork.
I'm lucky things didn't go bad, I would advise consulting a real estate attorney. |
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Posted: 3/3/2015 5:13:06 PM EDT
[#2]
Go through a title clerk. We sold our house with a do-it-yourself contract. The buyer depositied earnest money with the title clerk and we set the closing date. It was an easy deal.
Realtor will cost you 6-7% but will get you lots of exposure...listing and showings. We got around that by staging our house and putting up a "for sale" sign. We had planned on an advertised open house (in the local paper) but found a buyer much quicker. We did m,arket research before selling to determine what we could ask and then under-cut the market (basically discounting the realtor fees in the price) which led to us selling within 45 minutes of putting the sign up in the front yard. |
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Posted: 3/3/2015 5:50:53 PM EDT
[#3]
Heres the scoop
I still have a mortage on the house. My wife and I looking are planning to build a home on our property we own. I refuse to end up with two mortages so I want to sell this home and rent something while we build. My in-laws have expressed intrest in buying our house as they currently rent and have for years, and they plan to financing the money for purchasing our house. |
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Posted: 3/3/2015 6:48:26 PM EDT
[#4]
Title company handles most of the logistics. It's worth having an attorney take a quick look at the contract just to make sure nothing is messed up (but most (or all?) states have a standard real estate purchase contract that is pretty simple). A basic residential property sale pretty much follows the same process every time.
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Posted: 3/3/2015 11:25:56 PM EDT
[#5]
(but most (or all?) states have a standard real estate purchase contract that is pretty simple) Far from all. |
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Posted: 3/4/2015 10:49:28 AM EDT
[#6]
Quote HistoryQuoted: Far from all. Quote HistoryQuoted: (but most (or all?) states have a standard real estate purchase contract that is pretty simple) Far from all. Typically the standard real estate contract is not put out by the state but by the state bar and the state realtors. In Florida the Florida Board of Realtors and Florida Bar put out the "far-bar" contract that the Realtors typically use on residential contracts. A quick google search came up with this sample: If you are selling your house to someone you know then you can go to your local (and experienced) real estate attorney. They probably also have a title company and they will take care of all the paperwork for you. |
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Posted: 3/4/2015 11:27:31 AM EDT
[#7]
Thanks everyone. I will look up a local real estate lawyer.
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Posted: 3/4/2015 12:02:26 PM EDT
[#8]
Have the buyers been pre-approved?
Contracts can be found online. Fill out contract, sign, send to mortgage lender and attorney. Very little work on your part from there. |
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Posted: 3/4/2015 1:44:19 PM EDT
[#9]
Quote HistoryQuoted:
Have the buyers been pre-approved? Contracts can be found online. Fill out contract, sign, send to mortgage lender and attorney. Very little work on your part from there. Except for a bunch of federally required notices like lead paint. |
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Posted: 3/6/2015 11:55:15 AM EDT
[#10]
Quote HistoryQuoted:
Except for a bunch of federally required notices like lead paint. Quote HistoryQuoted:
Quoted:
Have the buyers been pre-approved? Contracts can be found online. Fill out contract, sign, send to mortgage lender and attorney. Very little work on your part from there. Except for a bunch of federally required notices like lead paint. All disclosures should be generated by the mortgage lender and/or attorney. |
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Posted: 3/18/2015 8:28:58 PM EDT
[#11]
That's the difference between a real estate agent and a real estate attorney. You don't need a real estate agent but you should always have a real estate attorney handle the details of the transaction. It doesn't usually cost much.
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Posted: 3/18/2015 8:31:07 PM EDT
[#12]
Thanks
I made a couple of phone calls late this afternoon to attorneys. Will hopefully know more tomorrow and will be getting the ball rolling soon. |
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Posted: 3/18/2015 8:44:53 PM EDT
[#13]
I bought my house off a guy I work with. All we used was a lawyer to draw it up and do the paperwork. No issues.
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