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We're originally from England and have sold FSBO there on many occasions, but not here, indeed we've never sold a house here until now.
We're moving back across the pond and since we've lost money on our home since purchase, have invested in renovations and remodels, market is improved and will be having to shell out a lot of $$$ for a home in England we're going to give the FSBO route a try and potentially save ourselves a considerable amount.
So far it's on Zillow or 4 days and we have 2 viewings this weekend.
Don't need advice re presentation of home/repairs/curb appeal etc, but wondered if there's a site somewhere that explains the selling process and potential pit falls with a focus on real estate law maybe. Actually-just wondering if there's a FSBO for Dummies (not that we're dummies)
We know that a real estate atty will review all paperwork and are going to hire one in the next few days.
One think we're confused about is the deed. Is it the document we have that says North Carolina General Warranty Deed? Assuming so as it has a Doc ID, bar code and details of BK,PG and description o property. We weren't in the country for closing-stll living in England and our REA and attorney (was subs struck of and we had to apply to the NC bar to get money he owed us) weren't fabulous.
It's things like DD and title insurance/escrow accounts etc that we need to read about.
Don't want to be caught on the back foot!
Thanks
Last edited by Whatsthenews; 09-19-2013 at 08:43 AM..
A couple of things to remember are both the buyers and sellers are looking to save money...
The second is Real Estate is really very local... there is no way anyone could write a book with specifics for every market.
I'm in California and the disclosures alone can be a potential minefield because not crossing the t's and dotting the i's leave the seller exposed to litigation...
Be sure to have an attorney read everything before you sign it. This is especially true if there is a buyers agent in the deal. There will be some buyers out there looking to take advantage of you.
We know that a real estate atty will review all paperwork and are going to hire one in the next few days.
One think we're confused about is the deed. Is it the document we have that says North Carolina General Warranty Deed? Assuming so as it has a Doc ID, bar code and details of BK,PG and description o property.
As long as you have a qualified real estate attorney handle the contract and the closing documents you should be fine. The Deed which conveyed the property to you should have all of the information needed to write a new Deed conveying the property from you to your purchaser (unless a new survey resulted in a new legal description). Regardless, your attorney will want to check that information with other public records to make sure all of the information is correct. Writing the Deed is the easy part--finding a buyer at a good price will be your challenge. Good luck!
As long as you have a qualified real estate attorney handle the contract and the closing documents you should be fine. The Deed which conveyed the property to you should have all of the information needed to write a new Deed conveying the property from you to your purchaser (unless a new survey resulted in a new legal description). Regardless, your attorney will want to check that information with other public records to make sure all of the information is correct. Writing the Deed is the easy part--finding a buyer at a good price will be your challenge. Good luck!
Thanks.
Why do you say that? Because we're not using a sellers agent?
Thanks.
Why do you say that? Because we're not using a sellers agent?
No. I say that because, to me, finding a good buyer at the right price is always the most difficult part of a real estate transaction (whether you're FSBO or listed with an agent). The paperwork is the easy part.
No. I say that because, to me, finding a good buyer at the right price is always the most difficult part of a real estate transaction (whether you're FSBO or listed with an agent). The paperwork is the easy part.
I Know what you mean. We had a nightmare selling our last home in England- agents/buyers lying to us re if they needed to sell first etc. Anyway-will just have to hope. Had 2 viewings today and 1 tomorrow.
Thanks!
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