Profile picture for nisuda

Can I sell by owner and have title agency to do the contract?

  • November 06 2012 - Gambier
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Answers (4)

Profile picture for Mustafa Ebrahimi
It is possible to do. I wouldnt suggest hiring an attorney because they are expensive. If you do it right, you should be ok. It works best if you know the person you are selling to. However, keep in mind that if they are obtaining a loan, the bank might have issues with the contract as well as requests for additional documents. If its the case of you having a buyer already and just need the paper work done, you can always negotiate a flat fee with an agent for this work. Many agents who are not busy will consider doing it for a flat fee. Many issues come up later after the transfer of the property and you would not want to open yourself up to a lawsuit just to save a few hundred dollars. However legally, you can write your own contract. The title company will not do it. They are not licensed to sell others' homes.
  • November 07 2012
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You can write your own contract via forms in many office supply places. However, I highly suggest you have a lawyer draw up the agreement for your protection and to make sure you are aware of the legal ins and outs of the contracts along with the inspections that you will need to provide. 
Talk with a local real estate broker to see if they are willing to help too. 
Options are nice to have!
Good luck ~
  • November 07 2012
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Title and escrow are 3rd parties to an 'Agreement" which you provide them.  Good luck.  Find an attorney or cut a deal with a real estate broker to write it up for an agreed upon fee.
  • November 06 2012
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Profile picture for ram_arti
You can do what you want to do, it is your house. To be safe get an attorney.
  • November 06 2012
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