Buying or Selling a Home/Purchasing Land

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Expert: - 6/4/2006


Question
My mother owns some land, she wants to sell it to us, we need to know how to do this with the least expense.  Where to go, what to do, etc.

Answer
If you want to make sure it is done right and you won't have any problems in the future (you'd be surprised how many emails I get from people who get property from family and a screwup of some kind makes for all kinds of headaches), I strongly suggest you have a REAL ESTATE attorney handle the transaction for you (you didn't tell me in which state the property is located).

If you want to take a chance to skip what I just told you, then you can convey title to property by executing a QUIT CLAIM DEED from her to you. It is a good idea to have a purchase agreement drawn up for future IRS reasons.

I do wish you well.

Dick Dennis               dixiedee13@aol.com

Buying or Selling a Home

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Dick Dennis

Expertise

With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.

Experience

Solving real estate problems for 37 years.

Organizations
National Association of Realtors

Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers

Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate

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