Sell by owner

[Santiago Goytia Zamora]

I got a property with a partner. He offered to buy me out so we agreed on a price. He's getting a loan to buy me out so I am a little lost on the next steps. 

I got him to sign an offer for the agreed on price. 

Next I reached out to an abstract company to update abstract but I don't know what they need to add on it from me end bc I am selling (not buying and getting a loan).

I got a quit claim deed ready but I won't sign it until I get my money.

Do I need to get an escrow company involved? Does his lender need to reach out to me? 

fyi. My partnert to say the least was the passive one through the deal. Buying it, I pull the strings, flipping it, I did it all, and now selling it... it's been a process.... so I want out asap but being as careful as possible to make sure I learn and not leave anything loose. 

Thanks BP community!

Santi

[Santiago Goytia Zamora]

Thank you guys! I made two phone calls today after reading this and it unlocked the next step which is getting a closing attorney/ title company. Now they are gathering docs. Abstract is getting updated and sent to a lawyer for a title opinion.