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Posted: 1/30/2011 4:29:57 PM EDT
Link Posted: 1/30/2011 4:36:08 PM EDT
[#1]
I think money for  local representation is well spent..
Ops
Link Posted: 1/30/2011 4:58:01 PM EDT
[#2]
What state are you buying in?
Link Posted: 1/30/2011 4:58:02 PM EDT
[#3]
Thanks for posting this Waldo.  I'm in the same boat.  I've actually placed numerous offers in by myself, for some properties over the last two years.  I thought it would be beneficial to have local representation, but I never wanted to stovepipe myself into one area, in the event an opportunity arose someplace else.  However now I've narrowed things down to a two/three county span in the area I am looking so I think its time to hire someone.
Link Posted: 1/30/2011 5:02:24 PM EDT
[#4]
Quoted:
I think money for  local representation is well spent..
Ops


This ^^^.

ETA, chose a good atty, ask around, meet a couple.
Link Posted: 1/30/2011 5:02:44 PM EDT
[#5]
Link Posted: 1/30/2011 5:19:37 PM EDT
[#6]
I bought land in the state I live in but a couple counties away and I hired a local attorney to represent my interests.

I know very little about buying real estate and figured it was money well spent.
Link Posted: 1/30/2011 5:23:15 PM EDT
[#7]
Neighbors, but you already knew that...
Link Posted: 1/30/2011 5:32:30 PM EDT
[#8]
Link Posted: 1/30/2011 5:34:39 PM EDT
[#9]
Good topic. A member here is selling a 5 acre lot for not much a few states away. My biggest concern is that here your Realtor does everything, no attorneys are invlolved. I need to do some research about what is procedure in the other state.
Link Posted: 1/30/2011 5:46:06 PM EDT
[#10]
Pocahontas County? (coldest place on Earth)
Link Posted: 1/30/2011 5:52:29 PM EDT
[#11]
I'd for sure go to the local courthouse and do my own searching AS WELL AS hiring local talent.  I do a lot of deed histories in my work (forester), and while it might not e a formal title search/opinion I know my way around the courthouse well enough to know if something needs further investigation.

I've seen some pretty spooky deed histories in the backwoods hilly country, and I've seen neighbors do some pretty bad things like moving property corners (specifically in WV).
Link Posted: 1/30/2011 6:06:37 PM EDT
[#12]
Link Posted: 1/30/2011 6:08:32 PM EDT
[#13]
When  bought a home here in NY we got close to closing and bingo, problems.  Attorney found several issues with the title.  Delayed the closingby a few weeks, but it was worth the csot of teh lawyer to ensure that evrything was kosher.

Bought 72  acres for $65,000 in april this yeaar.  Attorney cost me $625 but some iof that was recording fees and other crap for the county.  I  didn't regard it as overly expensive
Link Posted: 1/30/2011 6:16:20 PM EDT
[#14]
Link Posted: 1/30/2011 7:01:14 PM EDT
[#15]
Family limited partnership.....for the grandkids

  I am looking for something near or adjacent to the national forest in wv myself...

Link Posted: 1/30/2011 8:06:54 PM EDT
[#16]




Quoted:





The other problem I'm thinking about is how I'm going to put this in a trust for my grandkids. I'm in my 50's, so in reality I'm only going to get use out of this for 10-15 years before I'm too old. The grandkids are 4-7.









If you are going with a trust then I would get a lawyer. Legalzoom does have a good Trust/living will package...
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