If you have reached agreement with another party to transfer ownership of a property or other item, you’ve come to the right place. Gone are the days of writing out your deal on the back of a cocktail napkin. Rather, in order to fully protect yourself, you need a written contract setting out the terms and conditions of the agreement, together with the actual documents that will serve to transfer title/ownership. Our questionnaires will alert you to certain issues that you may not have considered, but are important to close the transaction successfully.
Available Packages:
- Sale of Property for Cash or Gift
- A transfer of property for which a buyer pays cash, or the conveyance is made as a gift, is accomplished in Texas through the use of a Warranty Deed. The Deed must be signed by the Grantor, notarized by a notary public, delivered to and accepted by the Grantee, and filed of record at the appropriate county courthouse to be fully effective. In drafting a deed, careful consideration must be made as to whether the parties are married, whether minerals will convey, whether restrictions do or shall affect the property, and the status of financing and liens.
- Documents included:
- Warranty Deed
- Follow-Through” Instructions
- Pricing: $90
- Sale of Property with Seller-Financed Loan
- If the buyer pays for the property by agreeing to pay all or part of the purchase price to the seller over a period of time, then the transaction must be documented with proper seller-financing documents. In this scenario, the seller would execute and deliver a Warranty Deed to the buyer, and the buyer would execute and deliver a Promissory Note ( a written agreement to pay over time, typically with interest) and a Deed of Trust (or mortgage, as commonly called, allowing the seller to foreclose and take back the property if the buyer defaults on its obligation to pay on the Promissory Note) in favor of the seller
- Documents included:
- Warranty Deed, Promissory Note, Deed of Trust, Notice of Final Agreement and W-9 form
- “Follow-Through” Instructions
- Pricing: Residential $325; Commercial $625
- Sale of Property with Third Party-Financed Loan
- If the buyer pays for the property by borrowing part or all of the purchase price from a third party lender, then the seller would execute and deliver a Warranty Deed to the buyer, the buyer would execute and deliver a Promissory Note ( a written agreement to pay over time, typically with interest) and a Deed of Trust (or mortgage, as commonly called, allowing the seller to foreclose and take back the property if the buyer defaults on its obligation to pay on the Promissory Note) in favor of the third party lender. Seller would get cash from the sale, made up of any down payment required by the lender, and the loan proceeds (less any closing costs).
- Documents included:
- Warranty Deed, Promissory Note, Deed of Trust, Notice of Final Agreement and W-9 form
- “Follow-Through” Instructions
- Pricing: Residential $325; Commercial $625