Posted: 1/18/2009 7:26:50 PM EDT
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A lot of people are letting go of their recreation / hunting property. Some are empty acreage. Some have a cabin or trailer with meager improvements. The wife and I have been talking about buying something like this for a while now, and the prices keep getting better.
If I find a seller, make an agreement, and I can pay for the land outright .... what has to happen paperwork wise? We've never bought property without lawyers, banks and agents on both ends. Can we just register the sale at the county clerk's office and I hand the seller a check? I'd appreciate it if someone in the know could outline the process for me. |
| Ultimately I'm not a lawyer, although I have done just that. I would suggest just using a title agency though. Then the title is guarenteed. If you choose to just do a quick claim deed, all you have to do is file it. I would do a little research on how to write it up and who is the legal owner. If you search for the previous deed of trust, you can follow the wording and names. |
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I once took the real estate exams and passed, never did anything beyond that...
But at least have the land surveyed so you get what you are paying for and there are no squaters rights due to open use for an extended period of time. If there are survey markers that you can find and you think you are getting what you want, then be o.k. with it. A GPS is a good thing. Walk "the fence" around the entire property, etc. Good luck. |
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You should go thru a lawyer. He will do a title search to make sure there are no liens. This is important. He will draw up the deed and you bring him a cashier's check. The seller comes in to sign, then you sign. The deed needs to be recorded at the clerks office, and its yours. If the seller will use the same attorney, it should save you some money.
This is what I have done in the past when I did not go thru a real estate agent and had the cash to buy. Much simpler...no agent collecting a fee and no bank to rip me a new one with their fees. |
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Quoted:
Ultimately I'm not a lawyer, although I have done just that. I would suggest just using a title agency though. Then the title is guarenteed. If you choose to just do a quick claim deed, all you have to do is file it. I would do a little research on how to write it up and who is the legal owner. If you search for the previous deed of trust, you can follow the wording and names. Quick Claim Deed = QUIT CLAIM DEED |
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Quoted:
Quoted:
Ultimately I'm not a lawyer, although I have done just that. I would suggest just using a title agency though. Then the title is guarenteed. If you choose to just do a quick claim deed, all you have to do is file it. I would do a little research on how to write it up and who is the legal owner. If you search for the previous deed of trust, you can follow the wording and names. Quick Claim Deed = QUIT CLAIM DEED 
You want a warranty deed. Pay the title co $400-$500 for them to search for liens and then provide title insurance. They dig up old easements, liens, boundary disputes, everything. |