Owners who choose the “for sale by owner” (FSBO) option will need to lead all or most of the process, from listing the home and showing it to prospective buyers, to negotiating the deal and getting it to closing.
If you decide that selling your home yourself is a good option for you, we can help. Our team of attorneys will help to draft the sales contract for you. There is a list of questions we will need you to answer to complete the contract. Please click on our Contract Assistant here to get started.
If you have any questions or would like to request more information, please contact us!
A FSBO means that the owner is selling the property without the help of a listing agent or broker.
FSBOs usually fall into one of two categories:
There are some drawbacks to selling your home yourself. Many home sellers try to FSBO their home at first and end up hiring a professional after a while. Unless you have an extensive background in real estate, you might not be able to effectively handle all of the aspects of getting the home ready to stage for viewings, setting a fair price, marketing the home, negotiating the terms of the contract and other details. One of the biggest drawbacks is that you do not have access to the community of real estate agents with ready to go buyers, as a professional Realtor would have access to. There have also been many studies that show that homes sold with the help of a Realtor sell for 6%-10% higher price than homes that are sold without the expertise of a Realtor.
The first thing that needs to happen is the buyer needs to place a loan application with a lender and get their earnest money deposit in to the escrow agent. All inspections will need to be scheduled and any items that may be needed such as a survey, elevation certificate, or home warranty will need to get ordered. Be sure to give us a call to make sure we have all documentation we need from you to get the title work in order.