Selling land by owner can be a challenging process, especially when it comes to handling the paperwork involved. As a landowner, you need to understand the legal documents and requirements necessary to transfer ownership of your land to a buyer. In this comprehensive guide, we will explore the essential paperwork for selling land by owner.
However if you decide to sell to Eagle Pass Holdings, we can make sure you have everything you need. In addition, we generally close through a title company who can guide you through the process.
Documents needed to sell land by owner:
1. Title
The title is a legal document that proves ownership of the land.
It includes a description of the property, the name of the owner, and any liens or encumbrances on the land. Before selling your land, you need to ensure that you have the legal title to the property.
2. Survey
A land survey is a document that shows the boundaries and features of the land.
It includes information such as the size and shape of the property, the location of any buildings or structures, and any easements or rights of way.
A survey may or not be required for determining the accurate size of the land and avoiding any boundary disputes with the buyer.
3. Contract
A contract is a legally binding agreement between the seller and the buyer.
If we make you an offer and we come to an agreement, we will send you a purchase and sale agreement. It outlines the terms and conditions of the sale, including the purchase price, payment terms, and closing date.
A contract or agreement is essential for protecting both the seller and the buyer and ensuring that the transaction goes smoothly.
We then usually work with a title company or attorney to ensure the transaction is conducted correctly.
4. Disclosures
Disclosures are documents that disclose any known issues or defects with the property.
These can include environmental hazards, zoning restrictions, or property issues. Disclosures are required by law in many states and are essential for protecting the buyer from any unexpected surprises.
Selling land by owner is usually very simple, but with the right guidance and support, you can navigate any issues successfully.
We can have an informal chat with you about the property, the current situation and help you decide whether you are ready to sell. We can let you know what documents you may need to prepare in advance. In many cases, it is quite straightforward.
Remember, if you're unsure about any aspect of selling and what is involved, please do not hesitate to contact us for a no obligation, informal chat.
Contact us today!
If you're ready to sell your land and need assistance with the paperwork or anything else, please don't hesitate to contact us at 682-267-3220.
Our team of experienced professionals at Eagle Pass Holdings is here to help you sell your land with ease and confidence. Call us today to get started!