Selling directly between seller and buyer with no realtor

[Christopher Davis]

Hi, Let's say you're selling and you have a buyer in hand already, you agree on a price. So basically you want to sell one party to another and no realtors are involved. Doesn't someone still need to administer the process and make sure all documents are in place, disclosures, any other component, work with the title company, etc. I understand the process in general but I really wouldn't have any idea how to manage it in practice. How does that work selling one party to another directly? Thanks for any input.

[Charlie MacPherson]

@Christopher Davis  Depending on the practices in your state, you should work with either a real estate attorney or title company.  I was licensed in Mass, where we used attorneys exclusively and in Maine where we used title companies almost exclusively.  

No matter what, make sure that whomever you use runs title and checks for liens.  And don't forget to buy the kind of title insurance that covers you, not just the lender.

They should also guide you in completing all of the required disclosures, like lead paint, property disclosures if required, etc.

Good luck!