Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Legal & Legislation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 3 months ago on . Most recent reply

User Stats

11
Posts
4
Votes
Katie Camargo
Pro Member
  • Investor
  • Fairfax, VA
4
Votes |
11
Posts

Transferred contract to LLC, wondering why we still have to sign with our names

Katie Camargo
Pro Member
  • Investor
  • Fairfax, VA
Posted

My husband and I put in an offer on a house under our personal names with "or assigns" as part of the contract. As soon as the offer was accepted, we set up an LLC and transferred the contract over to the LLC, of which I am the sole member. This has now been signed by the seller for over a week. Our realtor has continued to have us personally sign all the documents as they have come in (home inspection, personal property sale, etc). My husband thinks he shouldn't have to sign these documents anymore since we transferred the contract to the LLC but my realtor is telling me that we have to personally sign all these documents despite having done the transfer. Does anyone have experience with this and know one way or the other?


Also, if anyone has a legal advisor in Virginia that is interested in working with a small investor (this will be our 2nd investment property), please pass their name and info along. Thank you! 
  

  • Katie Camargo
  • Most Popular Reply

    User Stats

    430
    Posts
    220
    Votes
    Aaron Howell
    Agent
    Pro Member
    • Real Estate Agent
    • Crozet, VA
    220
    Votes |
    430
    Posts
    Aaron Howell
    Agent
    Pro Member
    • Real Estate Agent
    • Crozet, VA
    Replied

    As an agent, I think once you've assigned the contract to the LLC with an "addendum to the contract" you should just be signing as the LLC and whomever owns the LLC. The closing attorney or Title company may be the determiner for an answer and usually at this point in the process as an agent I'd defer to them.

    As an investor, I think I'd want all this squared away before closing so maybe check with the attorney/closing company.

    • Aaron Howell
    business profile image
    Story House Real Estate
    5.0 stars
    23 Reviews

    Loading replies...