Q: What forms do I need to sale my land. Selling it for cash. Do I just sign over ownership? How is this done
A: You will need a real estate purchase contract setting out the terms of the sale along with the names of the parties and the legal description of the property. Sellers and buyers must sign it. If there is to be an abstract on the property prepared and read by an attorney, that should be done after the contract is signed. Once the title opinion is delivered and marketable title is shown, you would need a warranty deed drawn from the sellers to the buyers. When the cash is received, the deed is given to the buyers who records it in the County Clerks office in the County where the land is situated. Forms for the IRS should be filled out and sent in.
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