real estate question

[ITE]

exactly what is required to sell a property? What legal requirements fees and paperwork would one usually expect to deal with when selling a property?

[Rich]

Title is probably the only item that's required. Title proves ownership and that there are no liens on the property. There could possibly be a warranty deed on it - just depends.

[geninfo@gmail.com]

Go to realtor.com and realtor.org and locate your state's association

You will find info on legal, financial, practical steps to take in your state.

You may decide to not use a realtor to find you a buyer but you should definitely use an atty (or esrow agent in some states) to do all the legal stuff required inyour state.

Each state has different laws regarding the transfer of property. Call several attys and get an idea of the cost, if it's a flat fee for the entire process (I like this one) or do they charge by the hour or a combination i.e. a flat fee for an ordinary transfer up to a certain number of hours and then by the hour for an extraordinary problems (like the title is not clear).

I like to know the whole pix but I think it's worth the cost to have certainty that the process is completely by the books. The atty can also advise you about disclosure stuff and inspections in your state.

Good luck.

[eidaj]

Most agents can also be a transaction coordinator and charge you a flat fee to do all the paperwork. For example I want to sell by owner and when I find a buyer I will pay an agent(any agent) $1000 to do all the paperwork. The price is not fixed, it's just the only price I've found without shopping around yet.

[Rich]

If you work it right the buyers end up paying the whole cost .. use their agent as your transaction agent. You just need to keep an eye on them :)

[TorstenBC]

exactly what is required to sell a property? What legal requirements fees and paperwork would one usually expect to deal with when selling a property?That certainly also depends on the country the transaction is goint to take place in.

[george09]

Hi,

I think you should hire a buyer's agent. I think this is the right person who can help you.

[rwanders]

In many jurisdictions a title company will actually produce all the required paperwork as part of their interest in gaining your title insurance business. In some states, a lawyer is a required participant. In any case, get it done right for your own sake---fouled up real estate deals can really be money and aggravation pits.