Real Estate Attorney & Off Market Transaction Recommendations

Buying & Selling Real Estate
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Real Estate Attorney & Off Market Transaction Recommendations

Russ Odom
Member since 2019 · 8 posts · 1 vote

Howdy BP,

I am working with a homeowner directly to purchase an off-market, single family home in Austin, TX.  I have contacted two real estate attorneys to help with contract process and do not feel 100% confident after speaking with them.. 

Do you have experience with off-market transactions like this - can you help with any of the below? 

- Real estate attorneys that you would recommend?  

- Real Estate agents that help with a transaction for a flat fee, as opposed to percentage of transaction?  The property is identified, negotiations settled, title company selected, just looking for guidance on the operational and legal components of the transaction.

- Afford 10 minutes of talk time to discuss the process more broadly, educating a relatively new investor?  This will be my 6th RE transaction, 1st time finding the deal and pushing forward on my own without a realtor.

I appreciate any guidance and recommendations.  Let me know if you have questions or want to know more details! 

Russ Odom

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Jerel Ehlert
Attorney · Austin, TX · Member since 2014 · 890 posts · 759 votes
7y

Lawyers sell time.

Real estate agents cannot give legal advice.

There are a ton of RE meetings in Texas posted to BP, fb groups, and meetup.com.  Face-to-face is always best.  If you are in Austin on Thursday, there's a pretty good group that meets in the Domain for lunch.

If you've done 5 other transactions, this should look like the others.  Title should be able to guide you, too.  If it is a matter of owner financing or sub-2, my office drafts docs.  If you let title draft those, they will hire an attorney that represents the title company, not you or the seller. YMMV.

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  • Kate J.
    Rental Property Investor · Austin, TX · Member since 2016 · 294 posts · 104 votes
    7y

    @Russ Odom

    I can help for a flat fee. PM me.

    0Reply
  • Jerel Ehlert
    Attorney · Austin, TX · Member since 2014 · 890 posts · 759 votes
    7y

    Lawyers sell time.

    Real estate agents cannot give legal advice.

    There are a ton of RE meetings in Texas posted to BP, fb groups, and meetup.com.  Face-to-face is always best.  If you are in Austin on Thursday, there's a pretty good group that meets in the Domain for lunch.

    If you've done 5 other transactions, this should look like the others.  Title should be able to guide you, too.  If it is a matter of owner financing or sub-2, my office drafts docs.  If you let title draft those, they will hire an attorney that represents the title company, not you or the seller. YMMV.

    1Reply
  • Ronald RohdePro Member
    Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
    7y

    Talk to Jerel, he can close this for you.

    0Reply
  • Russ Odom
    OP
    Member since 2019 · 8 posts · 1 vote
    7y

    Thank you @Kate J. and @Jerel Ehlert for offering support.  The seller is ready to move forward and I will be reaching out.

    @Ronald Rohde thanks for reiterating the vote of confidence with Jerel.  

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