How to Question...Selling land w/out Realtor???

[IDFWU]

I'm considering selling some land I own (title in hand) to my dad. I think it would be a waste of money to get a realtor involved but am not sure what the process would be to complete the transaction.

Has anyone done anything like this or have any advice? What are the steps?

At this point, i'm not sure if he would pay cash or take a loan and I'm not going to owner finance.

[Honker]

It would be best to find a local title company or real estate attorney to help you prepare the closing documents. Either would then be able to assist with having the new deed recorded by the county.

[bowhuntertx]

No need for a realtor for this transaction. Speak with a local real estate attorney and they can draw up the documents.

[Stan R]

Little different process if he is going to finance. But still would not need a real estate agent.

[BBReezen]

No need for a realtor for this transaction. Speak with a local real estate attorney and they can draw up the documents.

That's what my mom is currently doing. Contacted title company, survey company and RE attorney to divide the property and get it rolling. She mentioned she got low-balled by some guy with "cash in hand" but turned him down and now has another buyer so I assume he is probably going to finance it.

She did mention that she had issues with the county issuing an exact address since the property has never been developed or had an official driveway. I can't remember who it was requiring a exact address but she had to fanagle with someone to finally get it

[batmaninja]

Real estate is transferred with a deed, lawyer and title company can help you with that. Just a heads up, think through the tax consequences, I assume you dont want to waste money on taxes either.

[IDFWU]

Real estate is transferred with a deed, lawyer and title company can help you with that. Just a heads up, think through the tax consequences, I assume you dont want to waste money on taxes either.

I'm picking up what you're putting down. Thanks

[batmaninja]

Starting to smell what I am stepping in?

Quick run down on a few things to consider.

https://www.linkedin.com/pulse/20140923125602-8635921-transferring-property-among-family-members-a-potential-income-tax-nightmare/

[The Crippler]

Starting to smell what I am stepping in?

Quick run down on a few things to consider.

https://www.linkedin.com/pulse/20140...tax-nightmare/

This is good information if the OP is transferring land in Canada?!?

[kumathebear]

Title company will give you all the forms needed. Part of the closing costs involves their title attorney as well to assure all the requirements are met. Done it myself several times as a FISBO (for sale my owner) without a hitch.

[BrianL]

Title company will give you all the forms needed. Part of the closing costs involves their title attorney as well to assure all the requirements are met. Done it myself several times as a FISBO (for sale my owner) without a hitch.

This if no lien, if he is doing a loan, credit union/bank will walk you through the steps.

[jheflinland]

Google Warranty Deed Template.

Fill in the blanks.

Grantor is you

Grantee is your father

Legal description will need to be copied word for word directly from the Deed that conveyed the property to you.

Sign it and have it notarized.

File it at the County Clerk's Office.

Take a copy of the Deed to the County Appraisal District.

I'm a landman and have done real estate transactions with no title company or attorneys.

[The Crippler]

Google Warranty Deed Template.

Fill in the blanks.

Grantor is you

Grantee is your father

Legal description will need to be copied word for word directly from the Deed that conveyed the property to you.

Sign it and have it notarized.

File it at the County Clerk's Office.

Take a copy of the Deed to the County Appraisal District.

I'm a landman and have done real estate transactions with no title company or attorneys.

.

[GatorBait]

Some realtors will help with a contract, I think it cost me a few hundred bucks. They are used to filling out those and could get you on the right track. No need to actually list the property. Good luck

[Ouch]

Google Warranty Deed Template.

Fill in the blanks.

Grantor is you

Grantee is your father

Legal description will need to be copied word for word directly from the Deed that conveyed the property to you.

Sign it and have it notarized.

File it at the County Clerk's Office.

Take a copy of the Deed to the County Appraisal District.

I'm a landman and have done real estate transactions with no title company or attorneys.

I'm a landman, too, and I'd say you're walking a dangerous line here.