Legal Question in Real Estate Law in Massachusetts
family to family real estate transaction
If we buy a condo from a family member and have to get a bank loan,is it necessary to involve and pay a realtor?
Asked on 10/06/05, 8:05 pm
2 Answers from Attorneys
Robert Trant
Law Office of Robert R. Trant
Re: family to family real estate transaction
You do not need a realtor. I do however recommend that you hire an attorney to draft the documents (purchase and sale, deed, etc).
Answered on 10/07/05, 9:51 am
Re: family to family real estate transaction
No you do not need a Broker. You will need a Purchase and Sale Agreement for your Lender if there is one. I would suggest you have an attorney draft the Purchase and Sale Agreement, Deed etc.
If you have any other questions, please feel free to contact me.
Answered on 10/07/05, 10:50 am
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