Also, I live in Oklahoma but my property is in South Carolina. Any info would help. Thanks!
2007-01-30 05:51:25 · 13 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Most states have standard Offer and acceptance agreements available for free through their web site. You'll also have to fill out a property disclosure form. This should also be available on line. Once both parties have signed everything take it to a good title company. Between the loan officer and title company someone will make sure all inspections get done.
2007-01-30 06:54:43 · answer #1 · answered by The Man 5 · 0⤊ 0⤋
From a lawyer. Never let anyone assume your mortgage. Whey they stop paying it's back on you again and will ruin your credit and lead to bankruptcy. People who do this are just using your credit. Also, look at the Note and Deed of Trust you got when you bought your house. Your mortgage company probably will not allow you to sell your home or have anyone assume your mortgage. If you violate this agreement with your mortgage company, they will come in and quickly foreclose, even after you've transferred ownership to the buyer. You ought to have an earnest money contract and you Really need to get some earnest money from the buyer. This means the buyer is earnest and if he isn't you can keep the money. Ask for 5% of the purchase price as earnest money. Avoid doing business with real estate speculators who buy "ugly houses" and are trying to buy your property to quickly "flip" it for a small profit.
2007-01-30 05:58:32 · answer #2 · answered by Larry62 5 · 0⤊ 0⤋
I would qualify the person immediately, so as to not waste your time...then have him write up an offer on a standard real estae form for the state
the property is located in...i would then after qualifying this potential buyer, make arrangements to go there and meet them, but only after u are assured of the financing-that u are happy with....be very careful...work with a real estate attorney or contact pre paid legal, they will help you., they are very reasonable...
2007-01-30 05:59:51 · answer #3 · answered by bill the businessman 5 · 0⤊ 0⤋
You really do need a professional Realtor.That should keep you out of a possible law suite with the buyer.A Realtor can fax or E-mail all of the paper work to be taken care of.A law suit for repairs after the sale can cost you plenty.I advise hire a PRO.
2007-01-30 06:04:02 · answer #4 · answered by (A) 7 · 1⤊ 0⤋
You may be able to do it without a realtor, but you're definitely going to need a lawyer to be sure everything is done properly. Get one familiar with the law where the property is located, not where you are. Here's a site to help you locate a qualified attorney.
http://www.martindale.com/
2007-01-30 05:54:56 · answer #5 · answered by MOM KNOWS EVERYTHING 7 · 1⤊ 0⤋
You need a real estate atty. in South Carolina. You will not even have to go to SC, he/she can represent you in all aspects of the sale. You can call the bar assn. in the county in which the property is located for a referral. Your local bar assn. can help you find a phone number.
2007-01-30 06:00:23 · answer #6 · answered by J.R. 6 · 0⤊ 0⤋
Get an appraisal done so you are sure of the market value first. Then sign a sales contract that any title company can provide for you. Order any pay offs on the property and get set to close. The new buyers will get their own financing.
2007-01-30 05:55:37 · answer #7 · answered by golferwhoworks 7 · 0⤊ 1⤋
I don't know how they do it in other states, but here as long as it is a traditional residential transaction, usually title and escrow will make sure everything runs smoothly. If you are on the selling side, make sure they put a deposit down with the escrow company, and start working with Title, to make sure you can transfer a clean title. It's always best to have licensed professionals (real estate, lawyers, etc) help, but it is possible to do it on your own.
2007-01-30 06:49:11 · answer #8 · answered by ? 2 · 0⤊ 0⤋
Get a real estate lawyer for you to both use
2007-01-30 05:54:38 · answer #9 · answered by god knows and sees else Yahoo 6 · 0⤊ 0⤋
If you don't know what you're doing, it will be difficult. I highly recommend using a realtor.
2007-01-30 05:58:58 · answer #10 · answered by Anonymous · 1⤊ 0⤋