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Updated over 4 years ago on . Most recent reply

User Stats

84
Posts
33
Votes
Brian Mackey
  • Real Estate Agent
  • Baton Rouge, LA
33
Votes |
84
Posts

No Realtor Involved - Off Market Deal

Brian Mackey
  • Real Estate Agent
  • Baton Rouge, LA
Posted

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!

@Mohammad Nur

Most Popular Reply

User Stats

927
Posts
950
Votes
Jon Kelly
  • Investor
  • Bethlehem, PA
950
Votes |
927
Posts
Jon Kelly
  • Investor
  • Bethlehem, PA
Replied

@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 

  • Jon Kelly
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