FSBO Attorney in the Delaware Valley
Representation in For Sale by Owner Transactions in the Delaware Valley
For sale by owner (FSBO) transactions are becoming more common for people selling residential real estate in Philadelphia, Chester, Montgomery, Bucks and Delaware Counties. With a FSBO, you don’t have to pay a real estate agent’s commission fee, which can cost upward of 7%. Even as today’s market, real estate companies are promising lower and lower rates to sell your home, the savings can be substantial.
In any real estate transaction, however, you need to take steps in order to protect yourself from potentially expensive surprises and interruptions. Even when a real estate agent is involved, many people engage the services of an attorney to make sure someone is looking out exclusively for their best interests. If you are handling the transaction on your own, it is important to consider the advantages a Real Estate Attorney can offer. To schedule a consultation about FSBO representation, call (610) 579-9141 today.
The FSBO Process
Our job begins when a potential buyer is found. We will help in the negotiations between buyer and seller. When the terms are agreed upon, we will draft an Agreement of Sale with clear, easy to understand terms. Once the contract is signed, we begin preparing for the closing. We order a title and lien search on the property to identify ownership, and check for liens, judgments, covenants, restrictions, easements, code enforcement violations, or open permits, etc.; obtaining title insurance; obtaining association approval for the buyer if required, etc. Upon the clearing of the title, the closing takes place, title is transferred between seller and buyer and the title insurance is written. The deed is then recorded. Normally, the deed is received back, together with an Owner’s Title Insurance Policy, within 30 days.
Saving FSBO Clients Time and Money
By combining our 20+ years of real estate legal and closing experience, we save our clients’ money, particularly those who are involved in an FSBO.
To schedule a consultation about FSBO representation, call (610) 579-9141 today.