ARE YOU READY TO FSBO?

THE FSBO'S DUTIES AS A LISTING AGENT

Are you prepared to maintain the workload outlined below once a Realtor brings you a qualified buyer? Keep in mind the agent’s responsibility is to the buyer, not you. If you decide that For Sale By Owner might not work for you We are here to help. Call us for a free no obligation consultation. I WILL SHOW YOU HOW YOU CAN NET THE MONEY YOU NEED REGARDLESS OF COMMISSION.

DUTIES AS A FOR SALE BY OWNER

1. Research similar homes that sold in the last 6 months
2. Review public records for major repairs or remodels of similar homes
3. Price the home accordingly,
4. Take professional pictures
5. Post in social media
6. Post the home on major websites other than just Zillow
7. Market & advertise the home
8. Always answer phone calls in a timely manner
9. Schedule Showings
10. Show the home
11. Pre-Qualify the buyer
12. Examine the contract
13. Negotiate terms
14. Execute the contract
15. Create a contract time table
16. Find a title company
17. Provide Seller’s Disclosures
18. Ensure Escrow deposit is made in the proper time frame
19. Provide title evidence
20. Ensure last day of flood insurance cancellation
21. Maintain Constant communication with lender
22. Maintain Constant communication with title company
23. Maintain Constant communication with the buying agent
24. Schedule inspections
25. Ensure commitment letter is obtained from lender
26. Re-negotiate terms after inspection (if applicable)
27. Review all addenda and riders
28. Confirm time frame of closing date
29. Ensure appraisal has been ordered form the lender
30. Ensure that survey has been ordered for the property
31. Prepare the home for final walk-through
32. Schedule final walk-through
33. Provide declarations (if applicable)
34. Provide articles (if applicable)
35. Provide bylaws (if applicable)
36. Provide rules and all amendments (if applicable)
37. Provide current frequently asked question and answer sheet (if applicable)
38. Provide year-end financial information on the property (if applicable)
39. Provide HOA Application (if applicable)
40. Review HUD statement for proper money distribution & fees.

"Consumers rely heavily on real estate agents, with 87 percent of home buyers using real estate agents last year”, according to NAR’s 2018 report.

“FSBO homes sold at a median of $200,000 last year, significantly lower than the median of agent-assisted homes at $264,900”, according to NAR’s 2018 report.