Riverside, CA asked in Real Estate Law for California

Q: I sold my house,I dont want to pay escrow,what are the steps to transfer ownership?

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1 Lawyer Answer
Ute Ferdig
Ute Ferdig
Answered
  • Newcastle, CA
  • Licensed in California

A: You can certainly just prepare a grant deed and have it notarized and recorded, but it's not a good idea at all to not involve an escrow company because you don't want to pay for escrow. You could have negotiated that the buyer pay the escrow and title fees or split the fees. Escrow companies know what needs to be done to ensure a smooth transaction and engaging an escrow company is for your protection and the buyer. I am also a real estate broker and would never get involved in a transaction that is not handled by an escrow company or a real estate attorney. I venture to say that the escrow fee is less than what an attorney would charge.

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