AFY Godwin Sekyere - FSBO V2

Writing a Sales Contract You can get a real estate attorney to write one up for you, or you can purchase a boilerplate contract or find one free online (overall, this process usually costs $200 and up). MLS Listing You can purchase a listing on an MLS, but will have to do so from a real estate agent, as agents are the only ones that can list on MLS. If you use this option, you must also stipulate a commission fee that you are willing to pay a buyer’s real estate agent ($200-$500 for the MLS service, plus a 2-3% final sales price commission fee). Advertising the Property Advertising costs can vary widely, depending on what methods you want to use. Several websites, like Craigslist, will list a house for no cost; others, like eBay, can charge for a fixed-price listing. Advertising materials such as FOR SALE signs, brochures, pictures, or classified advertisements can become costly aswell (anywhere between $50-$2,000 on average, depending on which methods are chosen). Home Inspection Requesting a professional home inspection is strongly recommended for many FSBO sellers. Most buyers will hire a professional inspector to find any flaws or deficiencies in the house they are considering purchasing. A seller is held liable for any deficiencies in the house that they know about, or that they reasonably should know about. Having a home inspection done on their terms gives the seller guidance on what a buyer will find in the house, and offers the seller a chance to repair any deficiencies before listing the house for sale ($200-$500). Surveying the Property Having the property surveyed is important in order to define the exact scope of the property being sold. Usually, you can find this information in a local tax office and, for a small fee, you can get a copy of the official documentation of the property’s boundaries ($15-$200 or more).

22

Powered by