Hello,
I'm about to put my house on the market, when a friend said he was interested in buying it privately from me without estate agents.
How do we go about this? Neither of us needs much in the way of protection - I'm going to be completely honest about the house and its condition and I know that he's not going to screw me over.
Do we need solicitors or do I just swap the deeds for a fistfull of cash?
spog
You ceratinly don't need estate agents. They are there to help you sell the house, which you've managed without them. However, you will need to have the ownership of the house 'conveyed' to the new owner. You can do this yourself or you can employ a solicitor. You need to make suitable arrangements about the exchange of the money, though!
Rob Graham
A solicitor has PI insurance if they foul up, but what happens if you foul up a DIY conveyance?
You can do it for free @
It could get them a more lucrative offer, which the friend might agree to match.
"Adrian Boliston" wrote
Well, yes OK - but a 'proper' estate agent could also find an even better more lucrative offer, which even more than compensated for their "2-3000" fee - and the friend might again agree to match.
BUT, it looks like both (s)he (OP) & the friend are happy with deciding price themselves:- "I'm going to be completely honest about the house and its condition and I know that he's not going to screw me over".
Some form of escrow may be appropriate.
Good book on conveyancing, although I'd seconds Adrians comment about PI -
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