Maurice Gilmore - SECRETS FOR SELLING YOUR HOME ALONE

Date the contract — It is essential to date the contract to protect the legal interests of both parties. In case of any kind of legal issues involving the parties in question, the date of the contract might become very important. Describing the property — It is important to describe the property in detail and provide the common address of the property in the contract. You can get the full legal description of the real estate in the deed to the estate. The deed is legal paperwork that states the official ownership of a particular property or home. A copy of the deed can be obtained from the recorder’s office. Alternatively, you can procure a copy of the affidavit of sale, which will also bear all the necessary legal descriptions. Providing the details of personal property — If you are willing to sell your personal property along with your home, you must mention each and every item to be sold in detail in the body of the contract. It is important to do so in order to make the sale transparent and clear among all parties. Personal property may include appliances such as refrigerators, air conditioners, dishwashers, heaters, and so forth. Fixtures that are attached to the property in some way also fall under this category. The details of each piece of personal property that is included in the sale must be mentioned specifically in the contract, ideally as a comprehensive list. Signature Block — Include a signature block at the end of the contract for both parties to print their legal names and put their respective signatures in the appropriate places.

STAGE 2: TERMS OF PAYMENT

Mention the price of purchase in full — The FSBO contract must mention the full price that the buyer will pay toward the purchase of the property.

100

Powered by