Real Estate Investing Forums

Miscellaneous => Random Ramblings => Topic started by: Charlene2 on June 30, 2015, 02:43:00 pm

Title: What is the paperwork to sell to an out of State owner?
Post by: Charlene2 on June 30, 2015, 02:43:00 pm
I have come across two homes, deeply discounted.  The owner is in another state.  What is the paperwork for such a deal?  Is it the same, just fax for signature on both ends?  Any pitfalls to be aware of? He spoke of going tot he bank and having the paperwork notorized.  At what step is this done?
Title: Re: What is the paperwork to sell to an out of State owner?
Post by: Bluemoon06 on July 01, 2015, 10:42:32 pm
The purchase paperwork needs to be the normal paperwork for the state that the property is in.  The sellers need to have their paperwork couriered to them. 
Title: Re: What is the paperwork to sell to an out of State owner?
Post by: Rob in Atlanta on August 01, 2015, 06:54:54 am
I agree with Bluemoon06 on this.....paperwork for the state where property is located.  A caveat to that is I would add a provision that all parties agree to cooperate in correcting paperwork to conform with state laws; and I would require a specific power of attorney from seller regarding properties to sign on his behalf if additional requirements come up after the closing and another document needs to be signed to conform.

Hope this helps.

Rob
Title: Re: What is the paperwork to sell to an out of State owner?
Post by: VK Real estate on December 26, 2015, 09:49:10 am
Different states have different rules
Title: Re: What is the paperwork to sell to an out of State owner?
Post by: heartlandbuyshouses on July 19, 2020, 11:09:29 pm
Proof of identity
Property title deeds
Shared freehold documentation
Energy Performance Certificate
Management information pack
Fittings and contents form
Property information form
Mortgage details
Acceptance of offer

Title: Re: What is the paperwork to sell to an out of State owner?
Post by: bracknelson123 on November 11, 2020, 10:17:51 pm
YES, you can buy that house even if the owner is out of state. There are no rules that say you have to be in the home or the same state when you are buying. However, you may want to research your buying options, because there are some sticky issues you will want to avoid.
 
The easy way to do it is you can take the help of any agent or broker.