Buyer and seller made a deal, who can handle the paperwork?

[Tabitha K.]

We want to sell our fourplex to another investor and would like to save some money on commissions.

Recommendations in the East Bay/ Bay Area for someone that will walk us through the paperwork process for a flat fee?

How much should I pay for this service?

[Account Closed]

If you and your investor buyer have agreed upon the price and  terms and are ready to close, you can go right to escrow instructions with no purchase agreement.  Call Chicago Title or a title company of your choice.  Speak to an account rep and tell them you have a deal you are ready to put into escrow.  They will set you up with an escrow officer.  You give the EO the name of the property, the terms of the sale and the buyer and seller info.  They take it from there.  They order a title report, collect the buyer's money and get signed paperwork from both of you. The EO will need to know who is paying which costs.  Escrow fee is typically 50/50.  Title is usually buyer in Nor Cal for some reason (it's a seller cost down here).  

The buyer may request paperwork regarding the tenants, leases, deposits, etc, and depending on when you close, the rents may be prorated.  If your buyer is getting a loan, there may be some additional costs and paperwork.  But honestly, it really is that easy when you have an experienced investor buyer.