For Sale By Owner, often referred to as FSBO, is the process of selling real estate without representation by a Realtor©. The Law Offices of Stephen K. Hachey has carved out a specialty helping buyer(s) and seller(s) in the For Sale By Owner process.
Our For Sale By Owner services can be used when selling/buying a home to/from a relative, when the seller has agreed to sell their home to a non-related buyer and neither or only one party is represented by a Realtor©, or when a buyer has agreed to purchase a home from a non-related seller and neither or only one party is represented by a Realtor©.
Our For Sale By Owner services can also be paired with Flat Fee MLS Realty at https://flatfeemlsrealty.com/.
Services included with For Sale By Owner:
- Review and/or Preparation of a real estate purchase agreement using the Florida As-Is Residential Contract For Sale And Purchase
- Providing a seller net sheet and an estimate of all closing costs to the buyer and seller at the inception of the transaction
- Providing all required seller disclosure documents and guiding the seller through the complex and important disclosure process
- Preparation of the release or extensions of any contractual contingencies
- Preparation of any post-inspection addendums
- Review of the title search, title commitment, and municipal lien search
- Coordination of the closing and review of the Closing Disclosure or HUD-1.
Top 10 Advantages of For Sale By Owner
1. Cost Savings: The most significant advantage of FSBO is the potential savings on real estate commission fees, which typically range from 5% to 6% of the sale price. By selling on your own, you can save thousands of dollars.
2. Control Over the Process: FSBO sellers have complete control over the selling process, including setting the sale price, scheduling showings, marketing the property, and negotiating with buyers.
3. Personal Knowledge of the Property: As the homeowner, you have intimate knowledge of the property and the neighborhood, which can be beneficial in marketing and negotiating.
4. Direct Communication: You can directly communicate with potential buyers, which may lead to a more personal connection and understanding during the negotiation process.
5. Greater Insight into Potential Buyers: FSBO sellers often interact directly with buyers, allowing them to gauge their level of interest and seriousness firsthand. This can provide valuable insights during the negotiation process.
6. Flexibility in Scheduling: Without the need to coordinate with a real estate agent, FSBO sellers have more flexibility in scheduling showings and open houses at times that are most convenient for them.
7. Potential for a Quicker Sale: In some cases, if the seller is highly motivated and well-prepared, FSBO can lead to a quicker sale. This is especially true if the seller already has a potential buyer in mind (like a friend, family member, or neighbor).
8. Full Control Over Marketing: FSBO sellers have complete control over how their property is marketed. They can choose their marketing strategies, platforms, and materials, tailoring them to what they believe will best showcase their home.
9. Control Over Negotiations: Direct negotiations can sometimes result in better outcomes, as they allow for more open communication and immediate responses to offers and counteroffers.
10. Use of Online Resources: With the proliferation of online platforms and tools for FSBO sellers, it’s become easier to list, market, and sell properties independently. These tools can include FSBO-specific websites, social media, online classifieds, and real estate platforms such as https://flatfeemlsrealty.com/.
Stephen K. Hachey, FSBO attorney, will guide you through the selling process to ensure a smooth transaction. In conjunction with his For Sale By Owner legal services, he can also act as your closing agent and provide Florida Title Insurance.
Serving all of Tampa Bay including Tampa, Wesley Chapel, South Tampa, St Petersburg, Clearwater, Brandon, Riverview and everywhere in between.
Call 813-549-0096 Today for a Smooth FSBO Closing on Your Property
Phone & Fax
Phone: (813) 549-0096
Fax: (813) 377-4968
The Law Offices of Stephen K Hachey
15619 Premiere Drive Ste 104A
Tampa, FL 33624
(By Appointment Only)