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re: Buying a lot by owner and not financing, help
Posted on 4/20/13 at 1:23 pm to GEAUX DJ!
Posted on 4/20/13 at 1:23 pm to GEAUX DJ!
You need to get a title search and a deed. I would recommend an attorney for sure. The true purchase price you agree on doesn't have to be stated, you just have to list some dollar amount, but it could affect your capital gains when you sell. I've seen deeds that listed a few dollars while the actual was thousands.
1
Posted on 4/20/13 at 1:26 pm to Nawlens Gator
I myself dont plan on selling once I buy. I just want to make sure its done right so we both could benefit. I also wanna get it appraised and I dont wanna list something that will hurt my apprasial because I wanna have some money in it when I go to build for sure.
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