Legal Question in Real Estate Law in Missouri
We are selling our rental home, for $20K have someone who wants to buy it for that price...what is the best way to sell it without inspection, etc..(the home was appraised and inspected only two years ago and has been well maintained)
1 Answer from Attorneys
If it is a cash sale, you may be able to deed the property(warranty or quit claim) with an as is sales agreement. You should still report any known defects. That way the buyer can seek an inspection or appraisal, at their cost, if they want. This is a general description of a method that might be possible. Consult directly with a civil practice attorney in your area, before you decide what to do. . You need advice specific to the particular facts of your situation, to make the best decision. If the buyer is borrowing money to make the purchase, you may not be able to avoid an inspection or appraisal.
Good luck