Quote:
Originally Posted by Jmiller176
I am about to buy a FSBO. I saw it advertised in the paper and went to the open house alone. However, I did have a Villages agent and MLS agent looking for houses for me. What is my responsibility to those agents as far as fees? Also how do I handle the closing? Title search, etc. Do I use The sellers lawyer or hire my own? Any advice greatly appreciated.
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They should know what to do;they should have a standard Real Estate for sale contract with the standard closing costs etc;then they turn it over to a Title Company (just like Real Estate Agents do) and they do everything else;I've sold all my homes myself (I did have a RE license in the the past); 1 in NY, 1 in MD, 2 in FL;all went smoothly; They do all the work; Search the title for any defects or “clouds”
Provide the buyer with title insurance to protect against fraud and forgeries
Safeguard money and documents in escrow
Oversee the final phase of closing and fund distributions