Buying or Selling a Home/selling rental house

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Expert: - 10/19/2006


Question
I inherited a rental house from my father.I just received deed.I have a buyer who made cash offer.My question is how do I sell.What needs to be done first?There are no leans on property.I am in Indiana.

Answer
Since you have no experience in real estate, you definitely need to bring your transaction to a local REAL ESTATE attorney to make sure your interests are protected. Also make sure the buyer pays for the attorney's costs as part of his closing costs (at least split the cost with you).

Before you accept that offer, you should get a "comparative market analysis" from two or three Realtors who are located in the area of the property. From that you should know whether you are selling the property for a price that is fair to your interests. Perhaps the attorney might steer you to knowledgeable RE agents who know.

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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