Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-08-2010, 06:45 PM
 
584 posts, read 2,143,491 times
Reputation: 272

Advertisements

Has anyone ever sold their house to a friend or coworker before? Might have that situation, but how do you handle all the legal work? By yourself, a lawyer, a realtor?
Thanks.
Reply With Quote Quick reply to this message

 
Old 04-08-2010, 07:06 PM
Status: "Open for work" (set 7 days ago)
 
Location: Just south of Denver since 1989
11,822 posts, read 34,349,149 times
Reputation: 8950
lawyer time.
Reply With Quote Quick reply to this message
 
Old 04-09-2010, 01:18 PM
 
Location: Alaska
89 posts, read 200,023 times
Reputation: 43
I would go lawyer, realtor or something. I definitely wouldn't go it alone. That would make it a lot less uncomfortable and cover you own arse.
Reply With Quote Quick reply to this message
 
Old 04-10-2010, 02:11 AM
 
9 posts, read 15,636 times
Reputation: 10
I think it requires a lawyer as he will help you more to get all legal actions done and whatever the issues required by both of the parties.

Thanks
Reply With Quote Quick reply to this message
 
Old 04-10-2010, 10:01 AM
 
Location: Salem, OR
15,536 posts, read 40,299,265 times
Reputation: 17422
Some agents will do the paperwork and handle the transaction for a flat or hourly rate which would be cheaper than an attorney. So I'd look for an agent that does that. If not, get an attorney to guide you.
Reply With Quote Quick reply to this message
 
Old 04-11-2010, 05:54 PM
 
584 posts, read 2,143,491 times
Reputation: 272
Really? An agent would work cheaper than an attorney? Interesting. Any idea how they would charge you?
Reply With Quote Quick reply to this message
 
Old 04-11-2010, 09:06 PM
 
Location: Salem, OR
15,536 posts, read 40,299,265 times
Reputation: 17422
Quote:
Originally Posted by bgmv90 View Post
Really? An agent would work cheaper than an attorney? Interesting. Any idea how they would charge you?

Well they either charge a flat rate or an hourly rate. You'd want to find someone that uses the real estate consultation model, which is what having flexible compensation plans is. There is the NAREC (National Association of Real Estate Consultants), C-CREC (Certified real estate consultants) and then people who don't belong to either so I would google "hourly rate real estate agent your town" or something like that to find one.
Reply With Quote Quick reply to this message
 
Old 04-11-2010, 09:15 PM
 
Location: Rural Central Texas
3,672 posts, read 10,583,380 times
Reputation: 5577
They will charge whatever you can negotiate. If they wont work cheap enough, go find another one. In my state there are promulgated forms that cover almost all of the commonly encountered scenarios of a real estate transaction and most people can even complete them without an agent or attorney, but it always best to have one or the other help to ensure you understand the language in the contracts. Once the contract is signed, any title company or lawyer can execute the contract to close the sale.

The response you should always see from any real estate professional is "Always use an attorney" because there can always be issues arising that a canned contract cannot anticipate and only a licensed attorney can legally give you advice on how to deal with legal issues.
Reply With Quote Quick reply to this message
 
Old 04-12-2010, 05:31 PM
 
584 posts, read 2,143,491 times
Reputation: 272
Great advice, thanks.
Reply With Quote Quick reply to this message
 
Old 04-20-2010, 08:20 AM
 
9 posts, read 15,636 times
Reputation: 10
All the advice that you provided here are very necessary and yet beneficial as, one of my friend wants to do the same and for this purpose he hired an attorney as he knows everything properly and also he can able to help in better ways too. Also,there is no problem in hiring an agent too as, he can also provide you with some better ideas but, you need to know who is better and provide you with some ideas that can help you and cannot cost you much.

Thanks
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top