Seller transfers title to LLC during escrow

[Raja Nahs]

Hello-

I'm Buying a property (single family home) in San Diego. Seller is accepting my offer and has added this in his counter- "Seller will transfer title to his LLC during escrow"

I'm not sure how this will work as the contract I'm signing now is between me and him. Wouldn't this be void when the title transfers to a LLC and the contract has to be done all over again with the LLC?

Secondly - do sellers do this for tax purposes?


Please advice.

Thanks!

[Raja Nahs]

It sure is odd. The property has been in the market for 40+ days, so why now?

Also the seller lives in Mexico and not a resident of US, and is an investor/business man of some sorts. Not that it matters but sharing..

My agent is going to contact her real estate attorney to see how this is going to pan out.

any suggestions or if any of you have gone through this before please share your experience.