Step 3: Paperwork & Closing
There’s no avoiding it: Selling and buying real estate involves lots of paperwork and legalities. You can navigate this process if you are careful, meticulous and rely on the counsel of qualified experts, especially a real estate lawyer.
Download state-specific real estate forms and contracts from ForSaleByOwner.com. We also offer related forms and contracts for financial and estate planning.
We strongly recommend you hire a real estate attorney who can help you handle the paperwork. The few hundred dollars that you pay an attorney will still be much less than relying on an agent, whose commission will be high and whose knowledge of legalities will be unknown.
Prepare for, and cooperate with, the buyer’s home inspector and appraiser.
Only accept offers from pre-approved buyers. When you receive an offer, you and your attorney can accept, reject or make a counteroffer.
Agree on a sale price, and have your attorney to assist you with the contracts.
Agree on a closing date that’s acceptable to all parties.
Close the Deal
Contact your mortgage lender to determine the mortgage payoff amount.
Closing day. You, along with your attorney and/or a representative of your title company, will meet with the buyer and his or her legal counsel to sign a wide array of closing documents that will convey the title of the property to the buyer.
Hand over the keys to the buyer.
Determine how much you saved in commission. Our average home seller saves $12,400!
You have sold your home directly, saving time, money and recouping maximum equity!