Give Chase a call. He is fantastic and can be a great resource to you.
Make sure that your buyer is fully APPROVED. I'm not talking about prequalified. There is a huge difference. The buyer should have a lender approval letter that accompanies the purchase agreement offer, assuming this is not a cash deal.
The MN Mortgage Mom
Well, this gave me such a tickle today!! So good of you to ask for advice here and, it's appropriate for the agents to advise that you should "hire an agent"!!! I'd, of course say that makes the most sense, too.
Facilitator is a much less expensive way to go to make sure that all of the paper work gets done correctly. You could also hire a real estate attorney if it's just a matter of paper work.
It's smart that you're asking. Many people try to just buy the papers and do it themselves. I never realized, until i BECAME a licensed agent, how many legal procedures are involved in a real estate transaction, that open BOTH parties up for some major liability issues. So, with that knowledge, I'd at least consult a professional before you do anything.
I always say, "It's not a problem until it IS!!"
1) Is the buyer in a position to purchase your home? That means they need to work with a loan officer if this already has not happened. I would not worry about signing a purchase agreement until this is done.
2) How to execute the paperwork and work towards closing. I think it will be tough finding a step-by-step process on the internet, but your title company does usually have the ability to help walk you through this process.
Realtors do sometimes come in and simply "facilitate" the transaction. Draft up paperwork, handle the financing, and get you to the closing table. I bet you could get someone to do it for under $500 bucks. The title company is the 2nd option, and the 3rd is to have an attorney draft up/review the paperwork.
The commerce department has a lot of contracts you can use and I would check out their website maybe as another source.
You may consider hiring a Real Estate professional to handle the transaction for you at a reduced rate. If you have the property, buyer and seller some of the transaction is ready.
There are contracts, appraisal, inspection, disclosures ect.
Feel free to call me for further discussion. 6515004720
This way your deal gets done professionally, you're protected and the the real estate professional is compensated for their time, knowledge and expertise.
Give me a call to talk more.