Bonardi & Uzdavinis has helped both buyers and sellers in Florida. By selling their property themselves, sellers can avoid commissions and save money. To avoid disputes and problems, it is important to follow the right procedures. Follow these six easy steps to ensure that your land or home sale is a success.
- Choose FSBO or Hire a broker
Decide if you want to sell your property by yourself (“For Sale By Owner”), or if you need an agent. Consult an experienced lawyer who represents FSBOs if you decide to sell the property yourself. You can hire a real estate broker to represent you. Determine how you’ll find and interview brokers. Have a real estate attorney review any listing agreements before you sign them.
- Prepare your house for sale
Be sure to decide whether your property requires any repairs in order to present it as best as possible to prospective buyers. Plan your cleaning and presentation of the property prior to showings. Online resources can help you prepare your house for sale.
- Choose a marketing program
You can market your house in many different ways. It is up to you whether or not to list your house with a realty broker. A full-service broker will manage all marketing for you if you select one. This section assumes that you don’t work with a real estate full-service broker.
You can sell your house online without the help of a real-estate agent. Zillow and Craigslist are both good options. You can search online for FSBO homes in your locality. Use the same websites as others to sell their homes. Create flyers, and put a sign saying “for sale” on the exterior of your house. You can post it to social media. Be prepared to receive calls either from agents or buyers who are interested in listing your property.
Discount brokerages can list your house. They charge flat fees to list your home on the Multiple Listing Service so that other real estate agents can see it. Discount brokerages do not charge fees for the sale. The amount of commission that you pay the buyer’s agent is still up to you. The MLS will show the commission amount. You will still need to market your home as if it were a private sale without an MLS. Marketing includes yard signs, Craigslist, and Zillow.
Open houses are a fantastic way to show off your home. At least two hosts should always be present. You should get the names, phone numbers or email addresses of everyone who comes to your open house. Not only for future use, but also to keep track of your visitors, it is essential to keep a list of everyone who visits. Online, you can find a lot of information about open houses. You can learn how to prepare your home, protect it from theft and be safe.
- Check Your Title
A company operating in your county can provide you with a preliminary commitment of title. The commitment will show the current status of your home and any exceptions. Consult an experienced real estate attorney if you have any questions regarding the information contained in your commitment.
In most purchase and sale contracts, the seller is required to give a written guarantee to the buyer within a specified time after the contract has been signed. After closing, the seller is also responsible for paying the premium of title insurance.
You will have ample time to resolve any issues if you check your title before you sell your property.
- Prepare for Disclosures
In the first five business days following the signing of a contract, only a few Florida real estate agents are exempt from providing the buyer with a form of information about the property. The buyer is given three days to accept the statement or reject it. Disclosure statements can be provided to the buyer before an agreement has been signed.
Review the disclosure statement before you answer questions from a buyer. You’ll be more prepared and not have to rush to answer questions.
You must disclose lead-based paint if your home was built prior to 1978. HUD provides you with the disclosure form and brochure. Make sure to always have the latest version of both the pamphlet as well as the form. The Disclosure Form is available when you click on Lead-Based paint and/or Lead Based Paint Hazards. You must also deliver the brochure Protect Your family from lead in Your home.
Software that allows for e-signatures makes it possible to deliver disclosures electronically to buyers. It’s a quick and easy way to send disclosures to the buyer, as well as create a receipt indicating when it was received.
Learn more about the disclosures required for selling a house by contacting Bonardi & Uzdavinis LLP.
- Acceptable Terms
The seller may not be aware that price is just one of many terms available to negotiate.
It is important that you consider these factors before listing your house for sale:
- Decide how much earnest money you will need from the buyer.
- Choose the company that will issue your title policy.
- Select the escrow agent to close the deal.
- Decide if you are willing to accept contingencies.
- You may need to adjust your plans (like moving into a new home).
- Do you offer seller finance?
- Fix a deadline.
You may want to consider selling your personal property along with the property. You can sell your home with seller financing. You will be asked to provide details about the financing, such as down payment, interest rate and amortization period.
Visit our Real Estate before you enter into a seller-financed transaction.
We will guide you through every step. We will guide you in the sale of your next product.
- Negotiating Terms
- Write the Agreement
- Helping with Disclosures
- Deadlines and How to Handle Them
- Guide to Closing
Contact us today
Bonardi & Uzdavinis are the epitome of professionalism when it comes the Florida real estate laws.
Do not leave your real estate transactions to chance. Contact Bonardi & Uzdavinis to arrange a consultation. You can be confident that our experienced staff will tenaciously represent your interests.
This post was written by a professional at Bonardi & Uzdavinis, LLP. Bonardi & Uzdavinis, LLP is a boutique, full service law firm providing its clients with a wide range of representation. Our primary areas of practice include real estate attorney parrish fl, probate, personal injury, construction, and commercial litigation. If you are looking for a real estate attorney or personal injury attorney in Tampa Bay contact us today for a case evaluation today!
