For Sale By Owner
FSBO
Many times in many markets, with previous real estate experience, selling a home on your own is entirely possible; especially if the home is priced right & in great condition.
If you can easily answer these basic questions, you're ready to sell by yourself:
How do I decide on the right price? How will I find a buyer? What is a Buyer's Agent?
How should I prepare my home for sale? How far off asking price should I sell?
What qualifies a buyer? What will make the sale legal and binding?
What requirements can I make? What if the Buyer backs out?
What do I pay for? Who does/pays for inspections and repairs?
If you need help with answers, ask by clicking here.
-----------Available Downloads-------------
SUCCESSFUL FSBO 12 keys to selling your home without a Realtor. A list of whom to contact, what to do and what you'll need.
FSBO FACTS Unrepresented selling may not net more money. Consider national statistics before going it alone.
FSBO COSTS The costs associated with selling your home may include paying a Buyer's Agent fee and other fees. This sample list covers some of the typical expenses. Contact your attorney for a more comprehensive list.
VALUE CHARACTERISTICS Four factors contributing to the value of your property: Demand. Utility. Scarcity. Purchasing Power.
MARKETING Create a comprehensive marketing plan to attract the most qualified buyer within your time frame. Make sure that buyer knows about your home.
NECESSARY FORMS Standard amendments and forms for a legally binding contract. (Note: Non-Realtors are prohibited from using SLAR or MAR created/approved documents.)
RULES & REGS Selling FSBO you will need to conform to Federal and/or State rules and regulations to avoid problems or litigation. Familiarize yourself with the laws and disclosures on this list.
BUYER CLAUSES Standard real estate contracts are written for buyer protection and may include any of the attached most common clauses and/or contingencies.
SERVICE PROVIDERS While representing marketing and legal contracts yourself; you will need other professionals on this list in the selling process.
QUALIFYING BUYERS Losing a sale to buyer financing will take your home off the active market for four to six weeks of prime showing/selling time, unfairly increasing your total days on market. Use the attached Lender's guide when evaluating the Buyer's ability to purchase your property BEFORE accepting their contract.
ENFORCEABLE CONTRACTS The standard legal real estate contract is eight pages without amendments, riders or addendum. Although not a comprehensive list, the six essential elements for a valid contract discussed here will help you create a valid document. (Note: Non-Realtors are prohibited from using SLAR or MAR created/approved documents.)
For additional information or to schedule a consultation fill out the attached form and write FSBO in the comment section.
