Cash Deal
I have a property i'm interested in . I offered the owner 35k cash the fmv is around 60k it needs around 6k in rehabs. My question is how are cash deals done, 'what is required . I also forgot to mentioned the 35k is subject to inspection.[ Edited by kdsmith2 on Date 12/07/2003 ]
sign a contract, then hire a title company, give them the contract and contact information for the seller, wait till title work is done and then go to closing.....or if you can do your own title work and don't need title insurance.......go to the county recorders office and get the necessarry paperwork give the seller the money in exchange for the signed paperwork.........only works if the property is free and clear.....ie no mortgages or liens.
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