For Sale By Owner…good idea or no?

Thinking of selling your home? Congratulations! You have a few decisions to make now…

Some homeowners these days are opting to “save” the typical 6% real estate commission, and sell their home themselves, or FSBO as it is frequently referred to. As with everything in life, when you avoid using a professional, proceed with extreme caution. A good Realtor is worth their weight in gold, but if you decide to go it alone, please keep a couple of things in mind…

Contracts: In Florida, the current real estate contract used my most professionals is 11 pages. There are 601 lines in this contract. PRICE is only on 1 line. Do you know the other 600 lines? I certainly hope so if you plan on selling your home. Think you can go on Google or Wikihow to fill you in?  Be my guest, but it only takes one error to get yourself in hot water.

Disclosures: Florida law states that a homeowner that has lived in the property must provide a prospective buyer a written “seller disclosure” with all known defects of the property. Nasty lawsuits have come from errors or misrepresentations on these forms, and even worse consequences for not providing them to a buyer at all.

Contract Contingencies: A real estate contract can be full of certain contingencies. These clauses can allow a buyer to cancel based on a number of factors including inspections, title issues, their financing, and other items. Do you know how to protect yourself against this happening? If not, you can be all set to close when the buyer doesn’t get their financing, and you’re left to start the entire process all over again.

If you don’t want to go through all of this hassle, call us today. We have purchased hundreds of homes all across Central Florida from homeowners just like you. You get a quick and hassle free closing, while netting a fair amount for your property. We pay all closing costs, you never have to make any repairs, and there is never a real estate commission. Closing can usually take place within 7 days if needed. Then you can get on with your life, and isn’t that really the most important thing?!

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