My tenant is buying my house. Great, however, (1) I know very little about For Sale By Owners. (2) I live in another State. Question: is it cheaper for me to get a lawyer or real estate agent to handle any paperwork/disclosures for me (and) who is more thorough? There would be no negotiation involved, as the price is settled and the buyer is obtaining their own financing. Thanks for your comments.
2007-06-26 14:17:41 · 7 answers · asked by Necie 2 in Business & Finance ➔ Renting & Real Estate
Thanks for all your comments. I'm going with a real estate lawyer. Found one who is reasonably priced and board certified in residential real estate.
2007-06-28 11:08:37 · update #1
I would recommend a real estate attorney, unless you are good friends with a real estate agent. Unless you want to ask friends and family for a referral to a real estate agent and ask her to help prepare a purchase agreement and property disclosures for you. This 2nd option would probably be cheaper, however, you probably want to make sure everything is done absolutely correctly and you have not missed anything with the sale. It could be quite costly down the road if something was not disclosed properly or there was some other mistake made that could have been avoided. Therefore, If it was me I would go with the real estate attorney. Best of luck, whichever you choose.
2007-06-26 14:24:35 · answer #1 · answered by dzwreck 4 · 0⤊ 0⤋
You have a buyer: a lawyer will charge you ~$500 a real estate agent will charge you 6%... this is an easy vote for a lawyer.. just make sure you get a good lawyer.
-luck
2007-06-26 14:21:23 · answer #2 · answered by thevoiceofreason2b 5 · 0⤊ 0⤋
Sometimes you just shouldn't do things on the cheep -- this is one of those times. I would get a Real Estate lawyer and let him/her handle the details. You want to be sure that this is done right. If it's not, it could ultimately cost you more.
2007-06-26 14:27:43 · answer #3 · answered by Angie 6 · 0⤊ 0⤋
Since you already have a buyer all you need is the lawyer. If the purchase price is acceptable then why do you need a Realtor? Save yourself the money and skip the Realtor....
2007-06-26 14:24:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Get an agent. You wouldn't believe the BS you have to go through, but a good agent will deal with it for you. Unless you have a zillion dollar property, an agent will do the job, and do it well.
2007-06-26 14:22:24 · answer #5 · answered by TedEx 7 · 0⤊ 1⤋
You need a RE attorney. At this point, there is no need for a Realtor, buyer and seller are in place and on board.
2007-06-27 08:45:37 · answer #6 · answered by godged 7 · 0⤊ 0⤋
Try a "wiki" search and do it yourself! I bet you could call your bank and they would help you for free.
2007-06-26 15:31:15 · answer #7 · answered by CANCEL 2 · 0⤊ 0⤋