My sibling and I inherited my deceased father's house a couple months ago, in Washington State, as beneficiaries via TOD (outside of probate).
My sibling wants to buy my half and i want to sell.
We've agreed upon a price.
It would be a cash sale (no loans are needed), and "as is".
The sibling is trustworthy.
The house has clear title with no mortgage or liens.
The TOD transfer process was previously completed, and the title is currently in both of our names.
What is the simplest reasonable way to actually do the transaction? Do we need a real estate agent? Escrow? Lawyers?
Which documents do we need? Sales contract (i suppose this is where lawyer might be needed?). And quit-claim deed or something different?
I suppose in theory we could just meet at my credit union, sign sales document(s), get them notarized there, hand over check, I deposit the check into my account there, and then afterwards we record the necessary document(s) with the County recorder, and i submit my REET tax form.
But it can't really be that simple, i'm sure...
My sibling wants to buy my half and i want to sell.
We've agreed upon a price.
It would be a cash sale (no loans are needed), and "as is".
The sibling is trustworthy.
The house has clear title with no mortgage or liens.
The TOD transfer process was previously completed, and the title is currently in both of our names.
What is the simplest reasonable way to actually do the transaction? Do we need a real estate agent? Escrow? Lawyers?
Which documents do we need? Sales contract (i suppose this is where lawyer might be needed?). And quit-claim deed or something different?
I suppose in theory we could just meet at my credit union, sign sales document(s), get them notarized there, hand over check, I deposit the check into my account there, and then afterwards we record the necessary document(s) with the County recorder, and i submit my REET tax form.
But it can't really be that simple, i'm sure...
Statistics: Posted by MadHungarian — Wed Apr 24, 2024 9:58 pm