How to go about purchasing my grandmother’s house with cash?

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How to go about purchasing my grandmother’s house with cash?

My grandmother is selling their house and I want to buy. How do I get this done? We agreed to a price but now I understand there could be other fees and taxes that I would need to pay. What’s the best way to go about this?

Asked on August 20, 2018 under Real Estate Law, Pennsylvania

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

The best way to do this is with legal help.  Fees could be recording charges for the deed as well as an adjustment of water bills and property taxes depending on when they are billed.  Once you own the property you will be responsible for the taxes as well.  I would get some help here especially with the preparation of the deed.  You want one with warranties in it that she can transfer all her rights and you should have a title check done and a search to make sure that there are no liens.  Good luck.


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