Define: For Sale By Owner

Yes, you can sell your property without using a real estate agent. This is commonly referred to as “For Sale By Owner” (FSBO).

Yes, as a property owner, you are still required to comply with all applicable real estate laws and regulations when selling your property FSBO.

Yes, you are legally obligated to disclose any known defects or issues with your property to potential buyers, even when selling FSBO. Failure to disclose could lead to legal consequences.

Yes, you can use a standard purchase agreement when selling FSBO. However, it is recommended to consult with a real estate attorney to ensure the agreement meets all legal requirements and protects your interests.

While it is not mandatory, it is highly recommended to consult with a real estate attorney when selling FSBO. They can provide guidance, review legal documents, and ensure a smooth transaction.

Yes, many real estate websites allow property owners to advertise their properties FSBO. However, it is important to carefully read and comply with the website’s terms and conditions.

Yes, in many jurisdictions, sellers are required to provide a seller’s disclosure statement to potential buyers, even when selling FSBO. This document discloses any known defects or issues with the property.

Yes, you can negotiate the commission with a buyer’s agent when selling FSBO. However, it is important to clearly communicate your expectations and agreements in writing to avoid any misunderstandings.

Yes, you can still use a title company or escrow agent when selling FSBO. They can handle the closing process, ensure all legal requirements are met, and provide a neutral third-party oversight.

While the specific forms and documents required may vary depending on your jurisdiction, common documents include a purchase agreement, seller’s disclosure statement, and any necessary addendums or amendments. It is advisable to consult with a real estate attorney to ensure compliance with local laws.