FSBO (For-Sale-By-Owner) homes provide plenty of benefits for the seller. One of the most attractive reasons people sell their homes themselves is because commission fees are low or nonexistent. More often than not, you’ll only have to pay commission to the buyer’s agent.
How hard is it to sell on your own? According to a 2019 study by the National Association of REALTORS® Research Group, roughly seven percent of homeowners decided to go the FSBO route.
“It can be stressful and overwhelming to sell your home on your own if you don’t have the proper resources available to you.”Jes Kettleson, Closing Department Director at RealClear Settlement & Exchange
How to start your FSBO process
Documentation is key to a successful FSBO transaction. A good title company will provide you with a structured list of documents with proper instructions. There’s plenty of forms and documentation that need to be filled out in order to sell your home. Both the seller and the buyer have to-do lists. RealClear’s SureClose Package has given FSBO sellers a hassle-free and smooth closing process.
Organization is the key to success with a FSBO
Remaining organized is one way to relieve stress throughout this process. You’ll have to complete documentation on your own with the help of a title company. You can never be too prepared.
RealClear Settlement & Exchange has a SureClose package that contains every document necessary for a smooth and stress-free closing. It contains:
- List of Closers and Contact Information
- Frequently Asked Questions
- Fee Schedule
- Contact Information Sheet
- Offer to Purchase
- Seller Disclosure
- Accessories and Furnishings
- Lead Based Paint Disclosure
- Radon Addendum
- Radon Fact Sheet
- Mortgage Payoff Release of Information
- Engagement and Indemnification Agreement
- Contract for Services – Seller
- Contract for Services – Buyer
“We’ve found that FSBO sellers appreciate our SureClose package because it provides all the documentation they need in one place,” Kettleson says. “And, we don’t charge for it! You can download your free copy from our website.”
Let’s dive into each document in the SureClose package.
This series will introduce the importance of each document essential to a successful FSBO. Selling your home on your own doesn’t have to consume you. It is possible to have a stress-free and smooth closing. Stay tuned for our next blog that will address the instructions, list of closers and contact information, and the most common FAQs within our SureClose package.