Selling or buying a home yourself doesn’t have to be a daunting task. There are really only three separate stages to a transaction:
- The contract negotiation
- The due diligence
- The closing
The contract negotiation
Unfortunately, most FSBO buyer and sellers don’t seek advice from a lawyer until they get to step number two, which often works against both parties as the sample agreement they used doesn’t properly capture the gist of the agreement between the parties. That’s why it’s important to bring in an expert early in the process before a contract is signed.
The due diligence
Due diligence includes physical inspection and examination of the title of the property, along with checking into building permits, violations, and documentation provided by the seller.
The most nail-biting part of selling or buying a house is sending off money or a deed and wondering if you’ll get what you’re bargained for. That’s why you should use a trusted third-party entity like Fairmount Title to manage and execute your transaction. We handle the funds and the documents so you don’t have to, and we ensure that the transaction is executed properly.
How can we help?
Through our law firm affiliate Carson Law Firm we can help you draft a contract specific to your situation. Then we take your negotiated agreement and guide you through funding and closing.
Here are some resources to help get you started: