How best to purchase a house?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
How best to purchase a house?
My son is the first owner of the house which he bought it from the builder. I am going to buy the house from him and pay cash. Can we do this transaction ourselves through the county clerk office without using the title company? Also, is it OK with not buying a title insurance?
Asked on March 9, 2012 under Real Estate Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
I always recommend that whenever one purchases real property that title insurance be obtained to cover some unforeseen issues. I also recommend that a real estate attorney be consulted on the sale to assist in drawing up the proper contract and establishing a third party escrow.
Buying real property is a big investment and proper precautions as suggested above should be done. As to not using a title/escrow company, that is allowed but not recommended. I suggest that you consult further with a real estate attorney about your matter.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.