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Updated about 4 years ago,
Closing on your own primary residence.
I am trying to put a list of the only requirements needed to sell/buy a real estate property. I am considering selling my primary residence to my sister. Skipping realtors will be easy. Skipping escrow is what I am trying to learn next, well if it's even worth it. Anyone here know the requirements? My guess is the following.
1. Draft up some sort of Deed (warranty deed preferred)
2. Record this Deed at the county clerks office
3. Have sister purchase a title insurance policy.
I just want to know if it's really this simple. This assumes her lender will be okay with transferring the money directly to me.