how to legally sell land in nc without a lawyer?

From a legal perspective, you do not need to hire a real estate attorney when you purchase or sell land or property. In fact, you do not even have to involve a real estate agent as you can draw up a legal agreement directly with the other party involved in the transaction.

Full Answer

Do you need a lawyer to sell a house in North Carolina?

As mentioned above, North Carolina requires sellers to involve a lawyer in the house-selling transaction. In addition to taking care of paperwork, escrow, and closing, a lawyer can also help in unusual situations, such as if you need to draft a lease agreement to rent the house back after the sale.

Can I Sell my Land Without a realtor?

Selling land without a realtor is basically hassle-free and can be done if you know what you’re doing. Learn how to sell your property without a realtor fast here. Selling land directly to the buyer is the cheapest, fastest, and easiest way to sell.

What is the law for land owners in North Carolina?

Freeland (349 N.C. 615 [1998]), the North Carolina Supreme Court abolished the licensee category by requiring that all licensees be treated as invitees, and that remains the law. The law provides the greatest protection to invitees, and this class of user creates the greatest liability for the landowner.

Do you need a lawyer to sell land and property?

Do You Need a Lawyer to Sell Land and Property? From a legal perspective, you do not need to hire a real estate attorney when you purchase or sell land or property. In fact, you do not even have to involve a real estate agent as you can draw up a legal agreement directly with the other party involved in the transaction.

Does a seller need an attorney in NC?

As mentioned above, North Carolina requires sellers to involve a lawyer in the house-selling transaction. In addition to taking care of paperwork, escrow, and closing, a lawyer can also help in unusual situations, such as if you need to draft a lease agreement to rent the house back after the sale.

How do you sell land without a realtor?

How to Sell Land Without a RealtorFind Out the Worth of Your Land. The first and the most important step to make a profit on your land is to determine its correct value. ... List Your Property on the Correct Platform. ... Choosing the Best Offer. ... Compiling All the Legal and Non-Legal Records. ... Final Words.

How do I sell my land in North Carolina?

The process is very easy. 1) Complete the FREE CASH OFFER form 2) We make a quick tour of the property if necessary, 3) We send you a written offer for your land 4) Once the offer is accepted, we send the contract to a local attorney to complete the paperwork 5) We close and you get paid!

What is the best way to sell a piece of land?

9 Steps to Sell Lots and LandStep 1: Understand Who Your Buyer Will Be & What They Need to Know. ... Step 2: Have the Land Ready. ... Step 3: Choose Your Price Carefully. ... Step 4: Offer Financing. ... Step 5: Use Online Listings Targeted to Lot & Land Buyers. ... Step 6: Show Your Property At Its Best. ... Step 7: Tell the Story with your Sign.More items...

What do you call someone who sells land?

Most buyers and sellers refer to him or her as their salesperson, agent, broker, Realtor, or some pet name that is best left to the imagination. The monikers are all interchangeable.

What can I do with a lot of land?

44 Unique and Creative Ways You Can Use LandCustom Home. The zoning on most vacant land generally allows for a house to be built. ... Outdoor Storage. This is a great passive business idea because you won't have to do much to the land to get it ready. ... Shooting Range. ... Beekeeping. ... Treehouse. ... Camping. ... Solar Energy. ... Dirt Bike Course.More items...•

What does selling as a lot mean?

When you see an item listed as a lot on eBay, that means it's actually a group of items. Sometimes the items are all the same, such as a lot of 10 packs of socks. Other times, the items fit into a same class or category but aren't identical, such as a lot of five different Xbox One games.

How do you flip land?

How a Land Flip Works. After manipulating the market price of a property, land flip perpetrators sell it to an unsuspecting outside buyer at an inflated price. When that buyer attempts to resell the land at a later date, its value may be much lower than where they purchased it.

How do you purchase land?

If you're curious how to buy land, here are the essentials you need to know.Decide how you'll pay. ... Compare your financing options. ... Consider every expense. ... Find land for sale. ... Research the property. ... Make your offer.

How long does it take to close a real estate transaction?

Closing. After you sign a contract in which you agree to a real estate transaction, you normally have to wait a few weeks for the lender to appraise the property and complete the loan underwriting process. On the day of the loan closing, you sign the actual sale documents.

Do real estate agents have lawyers?

However, real estate laws vary from state to state and most real estate agents are not practicing lawyers. While real estate agents have a broad knowledge of real estate transactions, an opinion based on prior real estate experience and state law are two entirely different things.

Can you sue a real estate agent?

Legal issues can arise after you complete a real estate transaction and, in some states, you have the right to sue your real estate agent, the seller or even the home inspector if problems emerge with the home after the completion of the sale. If the real estate attorney facilitated the sale, then the attorney already has prior knowledge of the sale, which makes any litigation much easier to complete. While many real estate transactions move smoothly without the involvement of an attorney, people involved in sales that go awry often end up wishing that they hired an attorney.

Do you sign the deed at closing?

On the day of the loan closing, you sign the actual sale documents. Problems sometimes arise with regard to titling or the condition of the property between the contract date and the closing date. In some instances, unwitting buyers receive a quit claim deed at closing rather than a warranty deed.

What is the law in North Carolina?

Common Law in North Carolina. North Carolina law recognizes two classes of land users: trespassers and invitees. The law provides the least amount of protection to a trespasser, that is, someone who enters the premises of another without permission or any other right to be there. To avoid liability, the law requires only ...

What is the best protection against liability in North Carolina?

For North Carolina landowners, the best protection against liability is appropriate posting of lands, exercise of reason- able precautions in allowing land use, fencing or removing attractive nuisances, warning users about dangers, carrying appropriate and adequate liability insurance, and seeking competent legal advice before entering into any written agreements.

What should landowners keep in their emergency phone?

At a minimum, landowners should keep emergency telephone numbers, including those of law enforcement officials, emergency medical services, and their insurance representative, permanently posted near their telephones.

When did the rules regarding educational and recreational use of private lands change?

In 1995 , the rules regarding educational and recreational use of private lands were modified to limit the liability owed to these users to the same duty of care that is owed to a trespasser. It is now possible for landowners to allow the public on their property for educational and recreational reasons when no fee is charged.

Do landowners have to open their land to guests?

Many landowners choose to open their lands to invited guests and accept the responsibility to provide a certain level of protection for their guests. Beyond invited guests, however, landowners also accept a certain degree of obligation or liability for lessees and even trespassers. The following note explains the major laws impacting landowners’ ...

Does insurance cover attorney fees?

In addition to paying legitimate claims and judgments, most insurance policies also provide for defense costs, including attorney fees, at no additional cost to the policyholder. This aspect of insurance protects policyholders from the costs associated with defending lawsuits that ultimately prove to be without merit.

Who should limit access to the accident site?

In the event of serious injury or death, the landowner should limit access to the accident site to those with a need to be there: search and rescue personnel, law enforcement officials, and representatives of the landowner’ s insurance company.