Q: Private Sale Vacant Lot
I’m buying a vacant land from a close family friend. This is a cash deal. Can we just do a sale agreement and deed On our own and have our signatures notarized? I plan to Do a title search on my own and then file the paperwork with the county. I don’t see why I need to pay all this money for title insurance and settlement.
A: A written agreement is not needed if you both actually execute the conveyance. But you need an attorney to conduct a Title Search and draft that Deed properly. Otherwise you are guaranteed to have a title problem that will be difficult and expensive to correct.
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