Quote:
Originally Posted by retiredguy123
You don't owe any fees to the real estate agents because they work for the sellers. The FSBO seller should have already set up a title company to handle the paperwork and the closing. If not, you need to engage a title company to handle the sale. But, the first thing you need is a sales contract, signed by you and the seller, where you provide some earnest money that you pay to the title company to hold in an escrow account. Do not pay any money directly to the seller. The title companies are very good at making sure the sale and title transfer are processed legally, will answer your questions., and will provide a standard FSBO sales package with the required forms. I would have an inspection of the house as a contingency in the sales contract using the standard sales contract wording. If you don't feel comfortable with the process, you may need to hire an experienced agent on a fixed fee basis to guide you through the sale. Some people will tell you to hire a lawyer, but I don't think it is necessary.
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Really? First, hire a lawyer well versed in real estate transactions. Second, follow what he/she suggests.