Selling to a Cash Buyer - HELP

[Rachel Garcia]

I inherited my father's home and am entertaining someone who has cash offer for the house. What do I need to know about?  Some questions I have are:

1. Can I use real estate lawyer and go without a realtor?

2. How do these types of transactions usually work?  Do they put the money in a third party account or do we just get a check?

3. Generally, what are some other pitfalls to be aware of?

4. What things from the buyers side are they considering when making an offer?  For example, will the sale be going through a title company?

5. Any other information or resources you can provide would be helpful.

Thank you. 

[Rachel Garcia]

Thank you everyone! I appreciate the information.  I followed up with a few cash offers and they ended up being pretty low.  We ended up listing with a realtor and accepted a decent offer.  Cheers!