For Sale By Owners (FSBO)

What Is It?

A For Sale By Owner or FSBO occurs when a home owner sells their property without using the services of a real estate agent.

What Does That Mean?

Basically it means that the homeowner will NOT have to pay a real estate agent's fees that can average between 3-6% of the total contract price and that they are on their own in the purchase and sell process. However, some FSBO's can and will contract with a buyer's real estate agent in exchange for paying up to 3% of the total contract price. Further, a FSBO means that the seller and/or buyer will be attempting to navigate contract negotiation, contract acceptance, whole house inspections and closing procedures without professional assistance.

Why Hire a Real Estate Attorney?

The attorneys at Sutton Law & Associate can advise and guide you to a proper and timely FSBO negotiation, sale and closing. We can advise a buyer or seller through proper contract negotiation, review real estate contracts for flaws and loopholes and assist in property disclosure statements required by Kentucky law. Further, the attorneys at Sutton Law & Associate also provide title exams of the property you're purchasing, clearing and removing of liens and mortgages, and title insurance and perform real estate closings at their office.

To discuss your For Sale By Owner, please contact our law office at 859-578-6600.  A qualified, professional Northern Kentucky or Cincinnati lawyer will address all your questions and concerns.

 




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