Cohousing-L Mailing List: Re: Steps to buy a house directly from owner (no realtor involved)

[Mac & Sandy Thomson (ganesh]

I think you're smart to not use a realtor.  You should save a lot of money.
But I'd strongly recommend hiring a *local* real estate attorney.  I would
think they'd do the whole transaction for about $500.  It's not particularly
complicated, but you want someone familiar with real estate laws and
transactions to look at things and hold your hand a bit.

- Mac

-- 
Mac Thomson

Heartwood Cohousing
Southwest Colorado
http://www.heartwoodcohousing.com


"Taste is the enemy of creativeness."
         - Pablo Picasso
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On 10/08/03 Veena Achar wrote:

> we are going to buy a unit in a cohousing community in Bay Area,
> California. We are buying a unit from members who have lived there for the
> past two years. The current owners and we have agreed that it makes sense
> to handle the paperwork directly (since t hey want to sell to us and we
> want to buy from them and we have agreed on a price)
> 
> Since we (both sides) are not going to use a realtor, my questions are
> 
> -has anyone in cohousing done this before without using a realtor?
> 
> -If so, what are the steps involved?
> 
> -we have heard that maybe we need to hire a real estate lawyer to make
> sure that all paperwork gets done properly. If anyone can give us the name
> of such a lawyer that they have used, that would be very helpful
> 
> -I checked online and there are sites that charge fees for some real
> estate forms, but I am not sure if thats all one needs to do, plus if
> there are seperate forms because the unit is part of a 'condominium' and
> if real estate forms are state-specific

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