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FSBO potential benefits, to-do list
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Thinking about selling your house without the help of an agent?
SOME POTENTIAL BENEFITS
• Lower selling expenses.
• Greater involvement with the transaction.
• More price flexibility because seller expenses can be lower.
• Direct contact with prospective buyers and more involvement with negotiations.
A FSBO TO-DO LIST
• Learn about the selling process, provide the real estate disclosure statement and follow truth-in-housing laws.
• Buy correct legal paperwork or hire a real estate attorney.
• Price and market the property.
• Arrange showings and host open houses.
• Pre-qualify prospective buyers.
• Negotiate price and terms of sale.
• Review purchase agreement or hire a real estate attorney.
•Arrange for escrow of earnest money (some FSBO companies will hold for free).
• Arrange to have title updated or hire attorney.
• Review all closing documents or hire attorney.
LUCIE AMUNDSEN
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