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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.
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.
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.
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.
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
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