Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

29
Posts
6
Votes
Paul Georgia
  • Haymarket, VA
6
Votes |
29
Posts

Cash purchase of home in North Carolina

Paul Georgia
  • Haymarket, VA
Posted

I have recently been approached by a homeowner that has offered to sell me her vacant house.  She is quite elderly and so I'm trying to do as much of the leg work I can for her.

We have verbally agreed to a price and I have some idea of where to go from here, but I wanted to double check. 

This is what I think I know.

The owner has to fill out a property disclosure statement as well as a lead-based paint disclosure statement (house was built pre-1978).

We then create and sign a contract (anyone out there have a contract they typically use for these types of transactions).

I hire a closing attorney to complete the process.

Am I missing anything?  At what point would it be best to hire the attorney.

Thanks, Paul

Loading replies...