UNDERSTANDING REAL ESTATE LAWS WHEN SELLING BY OWNER As a FSBO seller, you need to know and understand all your responsibilities, which include preparing your home for sale, pricing your home accurately, finding buyers, negotiating, and filing the necessary paperwork required by state law.
A GUIDE TO SELLING BY OWNER
ILLINOIS FSBO FACTS Real Estate Attorney Required | NO FSBO Yard Sign Allowed | YES Required State Discourses Residential real property disclosure report Flood Zone Statement Lead-Based Paint Disclosure Radon Testing Pamphlet and Disclosure
PREPARE YOUR HOME FOR SALE SET A PRICE LIST YOUR HOME SHOW YOUR HOME NEGOTIATE THE BEST PRICE CLOSE
Real estate laws vary across the country. For example, some states don’t allow sellers to put a FSBO sign in their yard.
Although selling your home without a real estate agent may seem like a great way to save on Realtor fees, the selling process is trickier than many people expect. If it becomes overwhelming, you can hire an agent at any time.
Made with FlippingBook Online newsletter