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Updated about 9 years ago,

User Stats

40
Posts
13
Votes
Jimmy Ho
  • Investor
  • Milpitas, CA
13
Votes |
40
Posts

Help with selling land/ both agreed on the price.

Jimmy Ho
  • Investor
  • Milpitas, CA
Posted

Hello everyone,

This is the first time I'm selling a vacant land that's close to $50k. I've been able to purchased a lot of vacant land using direct mail and now I'm running out of capital and it's time for me to sell. I have a buyer that want to buy my land and I don't know how to proceed, when I purchased land the seller and myself went to a notary officer to transfer the deed and as well as signed the contract agreement.

This is the first time I'm selling my land for more than $10k. I need help on how to make it safe for both sides. Should I go to a lawyer to make the transaction or should I go to the tittle company? If I do go the the tittle company I need to create an escrow account? Does anyone know how much is the fee for an escrow thats <$50k transaction? Is there anything that I should learn before I'm selling it?

Best regards,

Jimmy Ho

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