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Updated about 8 years ago on . Most recent reply

User Stats

29
Posts
6
Votes
Paul Georgia
  • Haymarket, VA
6
Votes |
29
Posts

Cash purchase of home in North Carolina

Paul Georgia
  • Haymarket, VA
Posted

I have recently been approached by a homeowner that has offered to sell me her vacant house.  She is quite elderly and so I'm trying to do as much of the leg work I can for her.

We have verbally agreed to a price and I have some idea of where to go from here, but I wanted to double check. 

This is what I think I know.

The owner has to fill out a property disclosure statement as well as a lead-based paint disclosure statement (house was built pre-1978).

We then create and sign a contract (anyone out there have a contract they typically use for these types of transactions).

I hire a closing attorney to complete the process.

Am I missing anything?  At what point would it be best to hire the attorney.

Thanks, Paul

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