Seller Information
We offer the following services:
Preparation of Deed and Lien Waiver as Required for Closing Transactions:
In working with the buyers of your property, we will facilitate the closing process here at our office. We typically prepare the deed and lien waiver on your behalf; however, you will need to obtain separate counsel in advance of closing if you believe you need legal advice regarding the closing. Please bring to closing a valid driver's license for identification purposes for the notary public. IF YOU DO NOT PLAN TO ATTEND CLOSING, PLEASE NOTIFY OUR OFFICE AS SOON AS POSSIBLE. You may either execute a power of attorney or sign the documents prepared for you in advance.
We will forward to you a form or online process for you to complete, in order that we may obtain any payoffs and homeowner association dues collected. Please see the links provided for helpful information regarding out-of-state seller withholding and the seller disclosure form.
For Sale By Owner Services:
Our office will assist with the preparation of the contract for sale and provide seller's disclosure forms required for closing. Please see the links provided for helpful information.
Owner Financing:
We provide the following forms of owner financing:
- Contract for Deed: The terms of the document will outline the amount to be paid by purchaser to seller, and method to include interest rate and payments. This form, when recorded, allows the buyer to apply for primary residence tax exemptions. Upon default of the buyer, a deed in lieu of foreclosure may be provided by the purchaser to the seller conveying the property back to the seller if there are no additional purchaser liens. A foreclosure action will be necessary if there are additional judgment and liens. Please contact us for more information particularly in the case of default by the buyer.
- Rental Agreement with Option to Purchase: The parties will enter into a rental agreement outlining the terms of payment and rental term. Typically, the term is no longer than two years. The parties also agree upon an amount to be paid for the renter or buyer's option to purchase the property which may be exercised during the term of the rental agreement. The terms of the purchase are agreed upon in advance to include price and amounts of rental payments applied to purchase price if applicable. Upon default, typically the process would be an eviction action through magistrate's court.
- Note and Mortgage: The seller conveys the property to the buyer at the determined purchaser price. The purchaser will then provide to the seller, a note and mortgage prepared by our office. Upon default of the buyer, a deed in lieu of foreclosure may be provided by the purchaser to the seller conveying the property back to the seller if there are no additional purchaser liens or a foreclosure action will be necessary if there are additional judgment and liens. Please contact us for more information particularly in the case of default by the buyer.
Seller Representation Only:
Our office will review the contract for sale and provide comments. We will also prepare the deed or title to real estate and other required documents for closing. If there are additional forms from the buyer's closing attorney, we will review prior to seller's signature. We will assist with mortgage payoff statements and home owner association information if applicable. We review the settlement statement provided by buyer's closing office to ensure accuracy of closing terms, proration of tax amounts for the current year and payoff amounts.