Private Sale/Buy Advice

[ravinos]

Currently renting a single family home in North county and will probably be listed for sale in late spring 2010.There’s a possibility that a private sale might be arranged between the owner and me, the tenant, prior to going on the market.
As relatively new to the California real estate market seeking info/advice on how transaction can be completed to minimize costs and bureaucracy. Relations between as are very cordial and trusting and reducing closing costs,(especially to owner), is an added advantage to me in securing better final purchase price.
Have bought and sold in other states…one of them required 3 attorneys at closing (seller,buyer,bank and a title company representative), while another state only had the title company handle the entire transaction.
Does California require attorneys for real estate transactions and if so, due to the trusting relationship between us, assuming due diligence on my part, (inspection,title search, etc), is it advisable to use just one attorney ? Anything else to be aware of in a California real estate transaction from the buyer’s side?

Thanks.

[PCinSD]

California does not require attorneys for real estate transactions. I’m sure the realtors here will chime in and answer your other question.

[PCinSD]

California does not require attorneys for real estate transactions. I’m sure the realtors here will chime in and answer your other question.

[PCinSD]

California does not require attorneys for real estate transactions. I’m sure the realtors here will chime in and answer your other question.

[PCinSD]

California does not require attorneys for real estate transactions. I’m sure the realtors here will chime in and answer your other question.

[PCinSD]

California does not require attorneys for real estate transactions. I’m sure the realtors here will chime in and answer your other question.

[DataAgent]

Just call an escrow company. They will have forms for everything you need to do the deal.

I’ve used Heritage Escrow in the past. They have several offices around the county:
http://www.heritageescrow.com/

[DataAgent]

Just call an escrow company. They will have forms for everything you need to do the deal.

I’ve used Heritage Escrow in the past. They have several offices around the county:
http://www.heritageescrow.com/

[DataAgent]

Just call an escrow company. They will have forms for everything you need to do the deal.

I’ve used Heritage Escrow in the past. They have several offices around the county:
http://www.heritageescrow.com/

[DataAgent]

Just call an escrow company. They will have forms for everything you need to do the deal.

I’ve used Heritage Escrow in the past. They have several offices around the county:
http://www.heritageescrow.com/

[DataAgent]

Just call an escrow company. They will have forms for everything you need to do the deal.

I’ve used Heritage Escrow in the past. They have several offices around the county:
http://www.heritageescrow.com/

[UCGal]

I purchased our house from my father. (The ultimate trusting relationship.)

We hired a title company that handled the escrow. (Chicago Title). The mortgage company still required the title search, etc.

Even though you’re living there – it’s probably a good idea to get a home inspection before fully committing. They tend to look in places you wouldn’t think of and can give you an idea of what upcoming maintainance you might be facing in your future.

Good luck.

[UCGal]

I purchased our house from my father. (The ultimate trusting relationship.)

We hired a title company that handled the escrow. (Chicago Title). The mortgage company still required the title search, etc.

Even though you’re living there – it’s probably a good idea to get a home inspection before fully committing. They tend to look in places you wouldn’t think of and can give you an idea of what upcoming maintainance you might be facing in your future.

Good luck.

[UCGal]

I purchased our house from my father. (The ultimate trusting relationship.)

We hired a title company that handled the escrow. (Chicago Title). The mortgage company still required the title search, etc.

Even though you’re living there – it’s probably a good idea to get a home inspection before fully committing. They tend to look in places you wouldn’t think of and can give you an idea of what upcoming maintainance you might be facing in your future.

Good luck.

[UCGal]

I purchased our house from my father. (The ultimate trusting relationship.)

We hired a title company that handled the escrow. (Chicago Title). The mortgage company still required the title search, etc.

Even though you’re living there – it’s probably a good idea to get a home inspection before fully committing. They tend to look in places you wouldn’t think of and can give you an idea of what upcoming maintainance you might be facing in your future.

Good luck.

[Author]

Posts