How do you buy a house from a friend/family member?

For buying a home from friend/family, you need to hire professional real estate agent. You will get all the process done as per law.

Well I will search it on the online portal where people buy and sell their properties. I strongly recommend you to search it for buy a house.

if you don't know how to deal with your friends and family member while buying a house then contact https://haloprogram.com/ to get all the guidance.

Buying a home is a process. You need to contact a real estate company. Select a buyers agent and the buyers agent company should have a buyers process in house. My company have a buyers and sellers process . All new buyers and sellers must complete before they get started. Once they complete the process we will be on the same page of the process. The more people know about the process it really helps. My buyers and sellers learn from my company..Some of my buyers and sellers turn into my real estate agents.
Knowing the process before you start looking for a house is a must!

Thanks

Anthony Taylor Realty
www.har.com/anthonytaylor

You can hire experienced realtor to write contract and negotiate for you, close at title company. Also, as others suggested, attorney can write a legal contract and help you close at title company too

Read this guide:
https://homeia.com/10-important-features-to-consider-when-buying-a-house/
https://homeia.com/benefits-of-a-home-inspection-for-home-buyers/
https://homeia.com/buying-single-family-real-estate-investment-properties/

Hi Danielle!

As mentioned above, you can go through a real estate attorney to handle the contracts and paperwork and guide you in the process, or you can go with an experienced agent/brokerage. Either way you decide to go, but I highly advise choosing one of the options to avoid any issues or hard feelings arising from the transaction later. Family is sometimes the hardest to work with, and you definitely want to preserve that relationship! I am happy to help you with the transaction if you so desire, as I have had a lot of experience with off the market sales in my 12+ years in Real Estate. If you have any questions at all, please feel free to give me a call!

Have a wonderful day!
Melissa Blizzard
United Real Estate
281-796-5242

Hi Danielle,

I hope this reply finds you well!

I would 100% recommend hiring a real estate agent / Broker or a real estate attorney to assist with the sale / purchase.

I have personally worked with many Buyers and Sellers in off-market transactions, whether it be family, For Sale By Owner, Tenants purchasing a property for Landlord (NOT Lease Purchase / Rent to Own), in order to ensure all parties understand all aspects of the contract they are agreeing to; detailing what is typical in Texas (i.e. Seller paying for the Owner Title Policy); providing market information so that everyone can make an informed decision; discussing all the negotiable aspects of a contact; setting expectations and the timeline for the transaction (option period (and what this is for), inspections and what to do if repairs are needed, appraisal, communicating with the Buyers lender (if there is one) before the contract and throughout, etc.) from contract to close so that everyone is on the same page and their aren't any surprises. Buyers and Sellers should know what their bottom line looks like (Buyer cash to close and Seller estimated net) based on what's been agreed in the contract and this is also something the real estate agent / Broker can provide. This way, all parties involved are well information prior to contract execution and throughout the transaction.

Feel free to reach out anytime!

Darby Grimmett / Keller Williams Realty / 936-827-9217 / darby@darbygrimmett.com

Completely agree with questions above. The short answer, a contract is not required but highly recommended. You could simply make arrangements with your sister and agree on a price and then file for a transfer of deed with the county. However this is highly not recommended if you are not familiar with the process and as stated above, you and or your sister can hire a Real Estate agent to facilitate the transaction. This is much less expensive than a traditional listing where in most cases the property is formally marketed to find a buyer, buyer and listing agents fully represent their clients plus standard closing costs. A real estate attorney would also be advisable, if not to handle the transaction you should also discuss how you and your boyfriend will take title. Since you are not married, questions like what happens if you separate or one of you dies. Hard, but very important questions. Title policy is also highly recommended, this makes sure that when you buy, no one else has any pre existing claim or interest in the property. Also, a mortgage lender if you are not paying cash. Make sure you can purchase at whatever price you agree to.

Happy to discuss if interested
281-636-8179
Ryank@rykohnrealty.com

Hi Danielle,
A Real Estate Attorney is certainly an option but you could also hire an experienced Real Estate Broker to fill in the paperwork using promulgated forms. They could calculate the estimated closing costs, tax prorations and net profit for your sister. They could also do a broker price opinion to help you guys decide on a fair price and they could explain the entire proccess. I would still use a title company and buy title insurance no matter who I was buying a property from. Generally, in the Houston Metro area, it's customary for the seller to pay for the title insurance in resales and the buyer to pay for the title insurance in new construction. The Real Estate Broker would not need to market the home or pay a buyers agents so the fees would be much, much lower than a normal listing and paid as a closing cost from the proceeds of the sale. Please feel free to call me or email me if you have any questions. Best of Luck!
Holly Montalbano, Associate Broker, GRI, ALHS, CNE 713-598-8197 holly@natalieglassproperties.com

Hi Danielle,

I would strongly recommend hiring a real estate attorney to handle this for you.
There are too many moving parts in a real estate transaction for you to handle it yourself, especially if you don't even know where to start.

A real estate attorney will be able to assist you with writing a contract, negotiating contract terms, working with Title company, adhering to agreed dates, handling any issues that may potentially arise and finally, assistance with closing and reviewing both transactions.

Thank you,
Yvonne Chauvin- REALTOR®
MCNE, CNE
Better Homes & Gardens Real Estate Gary Greene
YvonneChauvin@yvonnechauvin.com
Cell: 281-686-0143