Saturday, April 25, 2015

We live in Sarasota county and are considering selling our condo, directly (without the use of a realtor)to an acquaintance. We own the cond...

Question

We live in Sarasota county and are considering selling our condo, directly (without the use of a realtor)to an acquaintance. We own the condo outright (no mortgage). The acquaintance indicates that the transaction will be in cash. Can you tell us what legal activities need to be done to complete this deal, give me an estimate of legal and closing fees and recommend possible lawyers.



Answer

You need a written contract. Buyer will need to order a title policy and an inspection.

Atty fee may depend on purchase price, but about $750.000



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