Legal Question in Real Estate Law in Georgia
I'm considering selling my property directly to an interested party without involving a real estate firm. Other that me signing the warranty deed, I have clear title with no leins, mortgages etc. What are the required documents that need to be filed by both parties?
2 Answers from Attorneys
Absent a property drawn sales contract specific to your transaction (and a form will be inadequate), proper separate disclosure and disclaimer forms specific to your transaction, as well as the deed, you open yourself up to future claims not only from this buyer but future owners. Many people think all they need is the deed and PT-61 computer form, but that's inadequate to protect the parties.
Likely a lawyer can draft all the needed paperwork for a few hundred dollars. Risking a lot more to save that would be foolish. Feel free to call me to discuss the details. You can bypass an agent, but don't bypass a lawyer.
In a perfect world, you would just hand over a properly executed deed and receive your money and you two would go have a cup of coffee. End of story. However, best advice: consult with a local real estate attorney to at least review the situation.