If you’re thinking about selling your home, you might be wondering if it’s possible to do so without hiring a real estate agent. The answer is yes! Many homeowners successfully sell their homes by owner, and you can too. The key is to be prepared and organized. In this article, we’ll walk you through the paperwork you’ll need to sell your home by owner, from listing agreements to closing documents.

Listing Agreement

The first piece of paperwork you’ll need to sell your home by owner is a listing agreement. This document outlines the terms of your agreement with any potential buyers, including the commission you’ll pay if they bring a buyer to the table. If you’re working with a real estate agent, they’ll typically provide you with a listing agreement to sign. However, if you’re selling your home by owner, you’ll need to create your own.

To create a listing agreement, you’ll want to include the following information:

The asking price of your home
Any contingencies, such as a home inspection or financing
The commission you’re willing to pay a buyer’s agent
The length of time the listing agreement will be in effect
Your contact information, including your name, phone number, and email address

Once you’ve created your listing agreement, you’ll want to make sure that any potential buyers have access to it. You can post it on your website, share it on social media, or even print out copies and leave them in a visible location inside your home.

 

Seller’s Disclosure

In many states, sellers are required to provide a disclosure statement to potential buyers. This statement outlines any known defects or issues with the property, such as a leaky roof or a faulty HVAC system. Even if you’re not required to provide a disclosure statement, it’s a good idea to do so. This can help protect you from potential legal issues down the line.

To create a seller’s disclosure statement, you’ll want to include the following information:

A list of any known defects or issues with the property
Any recent repairs or renovations you’ve made
Any warranties that are still in effect
Any hazardous materials on the property, such as lead paint or asbestos
Any environmental hazards, such as a nearby landfill or underground storage tank

Once you’ve created your seller’s disclosure statement, you’ll want to make sure that any potential buyers have access to it. You can include it in your listing packet or post it on your website.

Purchase Agreement

Once you’ve found a buyer for your home, you’ll need to create a purchase agreement. This document outlines the terms of the sale, including the purchase price, any contingencies, and the closing date. You can find purchase agreement templates online, but it’s a good idea to have an attorney review the document before you sign it.

To create a purchase agreement, you’ll want to include the following information:

The purchase price of the home
Any contingencies, such as a home inspection or financing
The closing date
The earnest money deposit
The type of deed being used to transfer ownership
Any warranties or guarantees being offered by the seller

Once you’ve created your purchase agreement, you’ll need to make sure that both you and the buyer sign it. You’ll also want to provide a copy of the agreement to your attorney, if you’re working with one.

Closing Documents

Finally, once all the paperwork is in order and the sale is ready to close, you’ll need to prepare a set of closing documents. These documents include the settlement statement, the deed, and any other paperwork required by your state or local government.

To prepare your closing documents, you’ll want to work with a title company or a real estate attorney. If you need help with for sale by owner, our realtors can handle all paper work for you and handle everything from A – Z for only 1% commission.

The higher the price of your home, The higher the savings! What’s included in the 1% commission service? Full marketing, internet, and MLS exposure! Professional photography and virtual tours, follow up on contacts and advertise open houses on social media and real estate sites. We do all the negotiations and contracts and ensure a smooth transition through the supervision and maintenance of all inspections and appraisals throughout the sale process. Do not overpay to sell your home, paying 5% or 6% commission is not an option for our clients. Contact us today and save thousands. Call sell your home by owner at 201.791.7777 for more information. Sell your home by owner, you do the showings and we do everything else. We make selling your home by owner easy.