A couple of years ago, when I was doing some nationwide marketing, I got a text from a woman who owned a house in Fort Wayne, Indiana. I soon found out that Fort Wayne is a big town for real estate investing. I knew Indianapolis was, but did not realize that Fort Wayne was, too.
The woman explained that she had moved back to Singapore, but still owned a fixer-upper house that she needed to sell fast in Fort Wayne. I was living in Charlotte at the time, and didn't bat an eye at this deal. I gave the woman an offer and she took a week or so to mull it over. She then said yes, and I emailed her a Purchase and Sale Agreement right away.
All closings take place in the city where the property is located. This makes sense, as that is where the attorney will file the deed after closing. So this particular closing would take place in Fort Wayne. I did not attend the closing, and neither did the seller. I just waited for the wire transfer, which came in a few hours after we closed. I love being able to buy houses remotely. It is actually easier, in some ways, because you don't ever go look at the house, and everything is done by phone, text, email, or overnight mail.
My buyer in Singapore went to the American Embassy to have the documents notarized. I had never bought a house from a person living in Singapore before, so I was happy for the guidance of the title company I found in Fort Wayne. I assigned the contract to a new investor. Emily Mongiello of Metropolitan Title did an excellent job getting the house closed.
So if you are now living abroad and don't know what to do with the house you still own in the states, and you feel you need to sell your house fast, please feel free to contact me. I may just buy it!