Q: What do I need to do to purchase vacant lot behind us. Owner has agreed to price. What do we do next?
she wants us to handle it all and I do not really know where to start. I have been told I do not need a lawyer or realtor, please advise.
True, you don't need a realtor - and that is because you already have a buyer and seller agreeable to the transaction. But you absolutely should have an attorney to draw up the contract and the closing documents and perhaps supply you with title insurance, if appropriate, or a title search to be sure you are actually getting what you think you are getting!
A local real estate attorney should be able to help you out and handle the transaction painlessly for you. Just be sure you have covered with the seller the essential elements of "WHO, WHAT, WHERE, WHEN, and HOW MUCH".
A: You need a real estate transaction attorney to prepare a contract once signed the attorney will do a title search to make sure there are no title issues or liens on the property The real estate attorney will prepare the documents for the closing as well as a closing statement and effect the recording of the documents. If you think you can do all this correctly without an attorney chances are you cannot. If you already have a deal for the transaction at most you can just get an attorney and you do not need a real estate agent.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.