NEW YORK, July 7, 2008 – ForSaleByOwner.com, the nation’s leading “for sale by owner” website, today announced that it has become the first real estate website to offer Florida home sellers with pre-paid legal services for their real estate needs. The services are offered at a deep below market rate and allow home sellers to receive legal consultation and advice, as well as have an attorney assist in the preparation and review of sales contracts.
“This great new legal service advances our goal of saving consumers money and navigating them through the real estate process,” said Greg Healy, Vice President of Operations of ForSaleByOwner.com. “Whether a home seller uses an agent or goes “for sale by owner,” an attorney is needed to ensure a well-executed transaction. We are proud to be the first real estate website to provide Floridians with pre-paid legal services to help them save money and have their home sale go that much smoother.”
ForSaleByOwner.com partnered with an outside real estate law firm to develop pre-paid legal services programs. Approved by the Pre-Paid Legal Committee of the Florida Bar, legal services are being offered in three package options, including:
- Legal Consultation – For a one-time fee of $169, a home seller is provided with legal consultation on any real estate question they have as they go through the home selling process. The market rate for legal consultation in Florida is approximately $300 per hour.
- Sale Contract Review – For $299, an attorney will review and provide comments on sale contracts as well as provide the sale contract form with addendums and disclosures. The attorney will also assist with the negotiating strategy for the contract. The attorney will review up to two contracts from different potential buyers. The market rate for similar services in Florida is in excess of $400 per reviewed contract.
- Consultation & Contract Review – For $369, the real estate consumer gets the services of the Legal Consultation and Sales Contract Review packages. Market rate for similar services is generally in excess of $1,000.
Real estate consumers can use the service for up to nine months after they purchase a ForSaleByOwner.com listing, or when the customer removes the listing from the website.
ForSaleByOwner.com is the nation’s leading for sale by owner website. Since 1999, ForSaleByOwner.com has saved home sellers more than one billion dollars by providing premium Internet marketing services, property pricing reports, real estate guidance and information, downloadable legal forms, as well as live customer support, to help customers independently sell their own homes. The company offers a wide range of listing packages at varying prices that provide advertising, information, tools and resources to empower people to sell their homes themselves. In contrast, a person selling a $300,000 home through a real estate agent would be charged a 6% commission fee and pay approximately $18,000. Prospective homebuyers can browse property database, available at http://www.forsalebyowner.com, at no charge.