Selling land by owner questions

[Mister Bubba's bulletman]

Exactly. I'm sure you noticed my qualifier "sometimes".

Yep.

I say I seen it all but something new always pops up!

Oh yea. Easements too! Gotta remember my spellcheck.

[Burnadell]

A real estate attorney is not needed. All you have to do is go down to the courthouse and swap the deed over to his name. Its as simple as that. No need for an attorney to take your money when it is not needed. If you get the cash in hand when you sell it then you have nothing to worry about.

This is not true. A new deed must be prepared, and nobody at the courthouse will prepare that for you. It does not require an attorney to prepare, but it certainly needs to be prepared by someone who knows what they are doing and should contain certain language.

Do you hire an attorney to change out the title of cars from one person to another? It is the same concept. But do whatever you feel you need to do.

Autos have titles. Real estate does not have titles. There are different types of deeds, each of which has its own uses and protections for the seller and buyer depending on the circumstances and what the buyer may require.

Glen, when you get a contract on the property, you should be able to get a title company to prepare a new deed. If you do not want to use an attorney, call the title company ahead of time. Usually they have an attorney that prepares deeds for them. Discuss with them what you need before you get a contract.

[The Crippler]

This is not true. A new deed must be prepared, and nobody at the courthouse will prepare that for you. It does not require an attorney to prepare, but it certainly needs to be prepared by someone who knows what they are doing and should contain certain language.




Autos have titles. Real estate does not have titles. There are different types of deeds, each of which has its own uses and protections for the seller and buyer depending on the circumstances and what the buyer may require.

Glen, when you get a contract on the property, you should be able to get a title company to prepare a new deed. If you do not want to use an attorney, call the title company ahead of time. Usually they have an attorney that prepares deeds for them. Discuss with them what you need before you get a contract.

what I wanted to say

[bentman]

i have bought & sold land without a attorney

[Clintbow]

Lord, the aforementioned conversation is how and why real estate attorney's make so much money. There are 100,000 things that can go wrong in a real estate transaction. Good luck.

[Matt_C]

A real estate attorney saved me a lot of money one time, a WHOLE LOT of money. I always go to him before buying or selling anything real estate related.

[Bily Lovec]

I did a FSBO on a piece of land about 8 years ago,
We met at the Title Co. and the buyer paid all associated costs.
Piece of cake

[M16]

I would never buy or sell land without having an attorney review the paperwork. There are decent attorneys out there that will do this for practically nothing. If there is a problem it is money well spent.

[Burnadell]

i have bought & sold land without a attorney

I have also. As stated, an attorney is not required.....but then you don't need a dentist to pull your own teeth either . You also do not need a mechanic to work on your car...if you know what you are doing.

I am curious. Who prepared your documents and what documents did you use to complete the transactions? That is some of the advice Glen was asking for.

He did not ask if he needed an attorney. He asked what he needed without a realtor.

[Grayson]

Another hilarious thread...

[The Crippler]

I know, I've got to stay off these threads...just want to help people, but it always goes south!

[ratterrier]

I have 31 acres that I'm going to sell but not in a rush to sell. I was just going to put a sign on it and see if anyone bites. I have to be prepared if anyone is interested. What do I need to get lined out as a seller? I assume a real estate attorney to read paperwork and title company. I figure a few folks on here have sold small pieces of land without realtor.

Absolutely do not use a worthless realtor or broker, find a good attorney, lock in what he wants for the selling the property thru his office and get him to wirte up a description, survey, etc of the property, tell him you want a package mailed out to everyone who calls and agrees to pay $300 in advance to get the writeup and a guided tour of the property for sale, to heck with some idiot real estate person slicing 3 to 6 percent for doing almost nothing, sale on a cash basis unless you want to waste a year selling the property with the bloated system we have, hire YOUR attorney and the $300 package charge will keep the looklews and shysters off of your property. Biggest scam out there is real estate companies sending out salespeople saying almost anything in order to coax a sale from a buyer. Attorney working for you has your best interest in mind not a real estate company, go around them, cut down on showings to idiots and saved time and money for your peace of mind. Ducking but you can do it without the time wasted and money paid for nothing by using your own attorney and cutting thru the endless showings and paperwork of he failed to qualify, etc etc. Surveys are usually $1 an acre from $500 and up for small tracts. Good luck!!!

[Birddog66]

Be sure the contract is a "farm and Ranch" contract. Its more specific and covers related issues that it needs too. fyi - if nothing is mentioned in contract about minerals, then everything automatically conveys. Im not implying you should try and retain minerals on a 30 acre tract, thats your call, Im only maiking you aware of it.

Another thing to keep in mind. The title co. has their job, and thats transferring title and issuing title policy. They are not there to cover yours or the buyers backsides, so dont expect them too. They are not resposible for issuing addendums that normally go along with transactions like these, that are designed to protect either side down the road.

To protect yourself, you can either talk to RE attorney or a Realtor. There are some good realtors out there that will do the samething a RE attorney does and charge you a certain amount or %(less than what they would have charged if they marketed your property), to review contract and add needed addendems.

I do advise against going with a general attorney, your better off with a RE attornry or realtor.

Longhorn Title in Georgetown would be a good local title company to think about.

Disclaimer: Birddog66 is licensed realtor in state of Texas

[BSOB]

I know if and when I ever sell land I will list it on my own. I am not paying a company 5-7% of my lands value to a realtor.

Good luck, just make sure you cover all aspects with documentation

[Birddog66]

Absolutely do not use a worthless realtor or broker, find a good attorney, lock in what he wants for the selling the property thru his office and get him to wirte up a description, survey, etc of the property, tell him you want a package mailed out to everyone who calls and agrees to pay $300 in advance to get the writeup and a guided tour of the property for sale, to heck with some idiot real estate person slicing 3 to 6 percent for doing almost nothing, sale on a cash basis unless you want to waste a year selling the property with the bloated system we have, hire YOUR attorney and the $300 package charge will keep the looklews and shysters off of your property. Biggest scam out there is real estate companies sending out salespeople saying almost anything in order to coax a sale from a buyer. Attorney working for you has your best interest in mind not a real estate company, go around them, cut down on showings to idiots and saved time and money for your peace of mind. Ducking but you can do it without the time wasted and money paid for nothing by using your own attorney and cutting thru the endless showings and paperwork of he failed to qualify, etc etc. Surveys are usually $1 an acre from $500 and up for small tracts. Good luck!!!

$300 for a buyer to just inquire about a property. Good luck with that one.

Your survey number is off.