Talk of The Villages Florida - View Single Post - ForSaleByOwner Advice--me the buyer
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Old 03-24-2014, 05:38 AM
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Bonanza Bonanza is offline
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Quote:
Originally Posted by PJOHNS2654 View Post
Make an offer in writing. If accepted take it to a lawyer who specializes in closings.
NO, nO, NO!

If you are going to use an attorney, you do it before you make an offer.
The attorney should write the contract.
If you do use an attorney, he should handle the matter for you from start to finish.

You do not need an attorney to do only the closing.
A title company can handle the closing and may cost less. That's what title companies do.
No matter who writes the title insurance, the fee is based upon the selling price and is set by law.
So you don't have to worry about being taken if you are paying.

Another thing -- "Who" pays for the title insurance is a traditional thing in each county and not set in concrete.
It could be a point of negotiation for you.
If that is something you want to do, it needs to be written into your contract.
Just as a point of interest, many attorneys have their own title company.

You can also ask a Realtor to write the contract for you and handle the transaction.
That prson probably will charge you 1% of the purchase price to do so.

My suggestions to you are not simply pulled out of the air. I've been an agent for 30 years.

Whatever you do, I wish you good luck!
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