AFY Jim Dilley - FSBO V1 Book

and those of your buyer, you will likely close in 30, 45, or 60 days.

Using an escrow holder.

Often, contracts in real estate require an escrow holder. The escrow holder is a third party that is impartial to the outcome of the transaction. Buyers and sellers both are protected with this arrangement. Legal protection is allowed everyone involved in the transaction during the closing process. Usually, the escrow holder handles each of the necessary steps throughout the closing. Keep in mind that there are alternatives to an escrow holder, depending on the location in which you live. Real estate laws vary by location. Many necessitate the use of a lawyer during these transactions, and this is especially true along the East Coast. The attorney in these cases takes on the role of the escrow holder. However, it’s advisable for a seller to utilize an attorney throughout the closing process, whether required or not. This is serious business, and having an attorney at your back can’t hurt. Using an attorney.

Using a title company.

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