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Updated over 2 years ago on . Most recent reply

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Nicholas Ferraro
  • Investor
  • Rochester, NY
2
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Dealing with title companies

Nicholas Ferraro
  • Investor
  • Rochester, NY
Posted

I spoke with a real estate attorney about the steps involved in purchasing land without a real estate agent. I know I need a land purchase contract, and I know a title company should be involved. She told me it would be best to have an attorney deal with that part because I would need someone who understands the paperwork from the title company.

My question is, do I really need an attorney to help with that paperwork? Or is it something I can understand on my own?

I don’t have much experience with this as I’m sure you can tell. 
thanks for any help 

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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,704
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Nicholas Ferraro, why not work with a commercial real estate broker who specializes in land deals? While it's not always the case, the majority of broker commission fees are paid for by the seller. Your real estate agent is going to have all the necessary purchase and sale contracts to help underwrite the offer. There is no point in paying an attorney thousands for a standard land purchase and sale agreement. I hope this makes sense and helps! 

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