For Sale By Owner Resources
For Sale By Owner is typically called FSBO by Realtors and is pronounced Fiz-Bow
Realtors typically don’t like FSBO’s because it cuts them out of the loop – out of the commission. There are times when you can certainly sell your own home and it can happen – but it is not without its challenges. This page is a tool to help the FSBO seller. You might ask, why in the world would you try to help people sell their own home? If you have read through the rest of our web page- we look at real estate just a bit differently than many in our business. Naturally we like to make a sale, but we are hoping that word gets out, and that people use us as their ‘prime resource’ for real estate transaction.
You are going to need forms. Everything in Real Estate needs to be written down. Below are forms you are going to need. When you find your buyer and are overwhelmed with the forms – we can help. We offer an inexpensive service where we write up the sale to help you through the process. For now you can click here to see examples of the types of forms you will need to complete a real estate transaction. There are companies who can sell you the forms online. We will start a transaction for you using our online forms system for $39.99. This will enable you to simply print out one or more sets of blank forms, or to fill out the forms online.
If you feel this is too much work, we can do it for you. It will cost you $499.00 and we will write up the whole transaction as a transaction licensee (payable at closing). We won’t be acting as your agent, or the agent for your buyer – but we will make sure you have all of the proper documents filled out. If you bought the online forms first, we will credit that towards your fee.
Details – the help part
If you sell your own home, you will need to fill out a Property Disclosure. If it was built before 1978, you will need to fill out a Lead Based Paint Disclosure. You will need a sales agreement that both you and the buyer sign once you have agreed to the price and terms. An inspection addendum or a ‘reply to inspections’ form should be used if any defects crop up during the inspection process. Lastly you should have a worksheet for your (seller) estimated costs and for the buyer’s estimated costs. You can find samples of all of the forms on the PA Realtor® Association forms page here.