Selling Rental

[Dream and Plan]

We would like to sell our rental property to our renter.  We have a mortgage on it with USAA.  Do we need realtors and lawyers, or can it be as simple as meeting at a bank for paperwork?

[Pesimist]

Didnt know USAA did mortgages on income property (rental properties).

If you don't have a closing attorney, how are you going to get the deed filed?

[DerekM1]

You do not need a realtor. You can go online and Google free House Sales Contract. Also, I would request a pre-approval from your renters (potential buyer) and a deposit. I would also definitely hire a lawyer to handle everything else.

[Gus USAA]

Dream and Plan,

Thank you for posting in the Community. You do not have to have a realtor to process a home sale. As mentioned you can google information on selling a home or go to a local office supply store for a template of a sales contract. You will probably want to enlist the help of a lawyer for review of the contract and other items necessary to close on the home.

If you would like to discuss this matter further, you may contact us at 1-800-531-8722.