As a realtor, I come across lots of folks who want to sell their home without a Realtor, otherwise known as For Sale By Owner or FSBO’s. Back in the days before the internet, a newspaper ad and a generic ‘for sale’ sign represented the bulk of what a prospective seller had to work with in terms of marketing. Today, there are lots of avenues for a potential FSBO to use to market his/her property to the masses. While marketing is one aspect of real estate sales, a lot of potential FSBO candidates are always curious as to what forms they may need to sell there property. As always, I am glad to share these.
1. Property disclosure form. This form requires you to reveal all known defects to your property. Check with your state government to see if there is a special form required in your state.
2. Purchasers access to premises agreement. This agreement sets conditions for permitting the buyer to enter your home for activities such as measuring for draperies before you move.
3. Sales contract. The agreement between you and the seller on terms and conditions of sale. Again, check with your state real estate department to see if there is a required form.
4. Sales contract contingency clauses. In addition to the contract, you may need to add one or more attachments to the contract to address special contingencies — such as the buyer’s need to sell a home before purchasing yours.
5. Pre- and post-occupancy agreements. Unless you’re planning on moving out and the buyer moving in on the day of closing, you’ll need an agreement on the terms and costs of occupancy once the sale closes.
6. Lead-based paint disclosure pamphlet. If your home was built before 1978, you must provide the pamphlet to all sellers. You must also have buyers sign a statement indicating they received the pamphlet.
This is by no means all you’ll need, but it should get you started. If you need more information on selling your home, please visit my website at www.JosephCapote.com
Filed under: Seller's Blog, for sale by owner, fsbo, fsbo forms
Joe Capote 