@Henry LiChi I did mine through an attorney. Essentially...
a contract was written and signed with notaries present.
It was filed by the attorney with the county auditor
Checks are then collected, 2 separate certified checks. One made to the broker the agent worked for and another to me.
Then once the contract is up or the person is ready to pay the remaining balance it will go to a title company for the transfer of the title.
Contact a real estate attorney to draw up the paper work having the buyer pay all the costs of the transaction. Real estate agents have NO CLUE as to what is correct and legal!!! They are NOT lawyers nor should they be giving any kind of legal advice. Doing it without an attorney you'll always be nervous if it was done properly!!!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you