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Updated over 4 years ago on . Most recent reply
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No Realtor Involved - Off Market Deal
Hello,
A seller and I accepted an offer of 288k on her duplex. It needs a bit of work, but I believe as my second House Hack, it will work out well.
My question is this: Her friend owns a title company, and she would like to go through them to save on costs. Is it recommended to utilize her title company on my end as far as checking the documents and such, or should I use a title company of my own to check my work and run the whole process? I will be doing this without a realtor, so I wasn't sure if using her title company would be detrimental to me, as in they would 'protect' her interests more than mine.
I've heard to hire a real estate attorney for transactions such as this.
What has everyone's experience been with doing an off market deal all on your own... this would be my first, so of course I'm nervous.
Thanks in advance BP Fam!
Most Popular Reply
@Brian Mackey I've done both. Gone with the seller's suggested title company, and forced a seller to use a title company I was more comfortable with. For a $288K property and your 2nd deal, it's probably worth hiring your own attorney to review. 1) The costs will be minimal compared to the cost of the purchase + rehab, 2) It will give you peace of mind, 3) the attorney may find something and save you $, and 4) provides you an opportunity to network with a real estate lawyer that you may rely on in the future