Real Estate Agent · Boise, ID · Member since 2016 · 1k+ posts · 888 votes
3y
@Samuel Choi in Idaho our realtor approved forums have subject too in them. Check with title companies, and also local investors. End of the day though is you need to understand your contract inside and out, and paying an attorney or someone to explain it to you could save you big time, and also help you get a deal when a seller ask a question.
Realtor · Ogden, UT · Member since 2019 · 338 posts · 415 votes
3y
All the above comments are correct. Savvy agents and attorney owned title companies are all the right places you should be looking. I would defiantly recommending finding someone who does the subject to deals often because there are a lot of ways to do it wrong.
Real Estate Broker · Atlanta, GA · Member since 2023 · 38 posts · 37 votes
3y
GA is going to recognize the contract that the parties sign without regard to where it comes from. With that said there are good contracts and bad contracts. A clearly written and defined the terms of the contract will be less likely to end up debated in a courtroom, so the two best options will either be a GAR (Georgia Association of Realtors®) contract or one drafted by an attorney who specializes in the area of RE contract law you are endeavoring in.
Any Georgia REALTOR® or real estate agent who licenses the GAR forms will have access to the full database of forms, which may be modified through stipulations to meet your exact needs.
My .02 is to avoid the RE Forms contracts that are available in our state. They offer more ambiguity which can lead to more problems that are easily avoided.
Investor · Castle Rock, CO · Member since 2011 · 107 posts · 65 votes
3y
Having done a number of sub-to's, contract for deed/ILC's, I will tell you that most licensed agents are not qualified to broker such deals. If I were doing one myself, I would seek out and use a Real Estate Attorney who knows these deals inside out and backwards. There are way too many pitfalls to be aware of and avoid in order to not get yourself into trouble.
On pricing, I've paid $1,500 to $3,000 depending on complexity.
Most title companies will not do these deals unless title passes, hence, no ILC's, but so long as title insurance is involved and purchased, most will do a sub-to, because title passes to the buyer.