Posted by $Cash$ on June 30, 2002 at 19:55:53:
Jeff,
Yes all you need is the Title Company (escrow company)in CA. They also issue title insurance in case there is a problem with the property. Have not heard of an Attorney or Agent doing this for the buyer and seller.
$Cash$
FSBO…Best Method - Posted by Frank
Posted by Frank on June 30, 2002 at 15:10:59:
I am selling a house in Hawthorne, CA, belongs to my grandmother, I did some upgrades and it is paid off. I have a buyer through a neighbor who wants the house. I told her I would get in touch with an escrow co. and bypass the R.E. agent. I plan to get very organized and appear like I have done this before so that there will be no worries. Any experiences with FSBO’s and advice on steps to take would be greatly appreciated. This will be great experience for me.
Thanks in advance,
Frank
Re: FSBO…Title Company - Posted by $Cash$
Posted by $Cash$ on June 30, 2002 at 17:01:36:
Frank,
In CA go to a Title Company (escrow company) explain what you want to do. The Title Company will prepare all the necessary paperwork for you to close your transaction. Your buyer will deal with them thereby making you like you know what your doing.
I see no need for an Attorney or Agent because they will give the same information you give them to the Title Company.
$Cash$
Re: FSBO…Best Method - Posted by jeff
Posted by jeff on June 30, 2002 at 15:22:20:
since you already have a buyer you have no use for an agent. let an attorney handle all the ins and outs of the deal and all you have to do is sit back and sign the papers your attorney shuffles your way. just make sure you get an attorney that does real estate regularly and is one you can trust.
using and attorney to do the deal is he easiest way and also the best way tyo avoid mistakes when you have a real estate deal in line. there is way too much money involved to take on a transaction that you are unfamiliar with, especially when a lender is involved.
if yuor buyer is using a lender to supply the cash for the deal then the lender will usually arrange everythign for you. they will have their closing agent and their appraisers and their escrow companies and title companies do everything. they pretty much handle everything so they have control of the entire deal from the beginning and kow if their are any problems along the way that jeopardizes their security in the deal.
but even with all this being handled without much work on your part, id still suggest your attorney bnig involved to advise you on your best actions for personal protection and protection of your money on the table.
Re: FSBO…Best Method - Posted by Tom
Posted by Tom on June 30, 2002 at 17:20:37:
No need for an attorney. Just use a reputable escrow company
Re: FSBO…Best Method - Posted by jeff
Posted by jeff on June 30, 2002 at 19:13:58:
by the other posts im gonan assume that CA is an escrow closing state? if this is correct then the escrow company will handle eveything.
most closings here in KY are handled through attorneys. regardless of who does the closing, let the pros handle the transaction.