Buying investment property from neighbor - Steps required?!?

4 Replies

So, my neighbor has came up me and said that he would like to sell his property to me.

He is aware that I am an investor.

I am just not sure about the steps/transfer/legal actions that would need to be taken because I have always went through a Real Estate Agent for my other five transactions.

Did some google searching, but nothing that helped answer my questions.

Thank you, as always!

@Lawrence Paul

Assuming you aren't doing anything interesting in your purchase...

Download a standardized purchase contract for your state. Fill it out, both of you sign, take it to a title company with a check for your earnest money and congratulations you're in escrow.