Six Things To Consider Before Selling Your Home

selling your home

Bonardi & Uzdavinis has helped hundreds of buyers and sellers in Florida buy and sell houses, condos, and land. The “For Sale By Owner’ process is a great option for sellers to save money on commissions and sell their property. To avoid disputes and problems, it is important to do things correctly. Here are six steps you can take to ensure that your sale of your house or land is a success.

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1. Choose FSBO or Hire a broker

Decide if your property will be sold by you (“For Sale By Owner”), or if a realty broker is needed. Consult an experienced real-estate lawyer who represents FSBO sellers if you decide to sell the property yourself. You can choose to hire a realty broker to represent you. Determine how you’ll find and interview brokers. Consider having an experienced real-estate lawyer review any listing agreement before you sign it.

2. Prepare your house for sale

Decide if you need to make any repairs on your property in order to present it as best as possible for potential buyers. Prepare a plan for how you will present and clean the property for showings. Online resources can be used to prepare a home for sale.

3. Choose a marketing program

You have many options to market your property. Your first decision is whether or not to list your property with a real-estate broker. The broker will do all the marketing for you if you list with a full service real estate broker. This section assumes that you are not working with a full service real estate broker. You can market your property online if you decide to sell without using a broker. Zillow and Craigslist are two good choices. You can search online for homes in your neighborhood that are being sold FSBO. Consider using the same websites to sell your home that others have used. You’ll also want to place a “for-sale” sign outside and create flyers for potential buyers. You can also mention it on social networks. Be prepared to answer phone calls from brokers looking to list your home or those who have potential buyers.

You can also list your house with a discount brokerage. These brokerages charge flat fees to list your home on the Multiple Listing Service so that it is visible to other realty brokers. Discount brokerages do not usually charge a fee on the sale. However, you must decide how much commission to pay to the buyer’s broker. This amount is listed in the MLS listing. You will still need to market your home as if it were a private sale without an MLS listing. This includes yard signs, Craigslist, Zillow, and social media. Open houses are a great way to expose the home. As a precaution, it is best to have more than one host present at all time. You should get the name, number or email of everyone who visits your open house. This is not only for future follow-up but also to keep a record. Online, you can find a wealth of information about open houses, including how to present your home, prevent theft and keep yourself safe.

4. Check Your Title

Order a preliminary title assurance commitment from an insurance company operating in your county. The commitment will identify the current status of your title and any exceptions or encumbrances. Consult an experienced real-estate lawyer if you have any questions regarding the information contained in your commitment. In most purchase and sales agreements, the seller is required to give a buyer a written commitment within a short period of time after the agreement has been signed. The seller is also responsible for paying the title insurance premium issued after the closing. You will have time to deal with any issues that may arise before you sell your property if you review the title status in advance.

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Contact Bonardi & Uzdavinis without delay to arrange a FREE consultation.

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5. Prepare for Disclosures

Only a few sellers of Florida real estate are exempt from delivering a real property disclosure form to the buyer within five days of the signing of the agreement. The buyer will have three days to review and accept or reject the disclosure statement. Disclosure statements can be given before the agreement is signed. Review the questions on the disclosure statement before you respond to a potential buyer. This will allow you to be prepared and not rush your answers. You must disclose any lead-based paint in your home if it was built before 1978.

HUD releases the disclosure form along with the pamphlet. Be sure to always get the latest version of both the form and pamphlet. Disclosure on Lead-Based paint and/or Lead Based Paint Hazards is the document you need to access the disclosure form. You must also deliver the brochure titled Protect your family from lead in your home. It is possible to deliver disclosures to buyers electronically through software that allows e-signature. This provides a convenient way to send the disclosures to the buyer and creates a receipt indicating when they were received. Please contact us at Bonardi & Uzdavinis LLP for more information about the disclosure forms required when selling a house.

6. Consider Acceptable Terms

The seller may not be aware that the price of their house is just one of many terms to negotiate and agree upon. You should also consider the following terms before you market your house for sale:

  • Decide how much earnest money you require the buyer to deposit;
  • Choose the company that will provide your title insurance policy.
  • Select the escrow agent to close the deal.
  • Decide whether you are willing to accept contingencies (typical contingencies can include financing or inspection);
  • Determine if there are any contingencies you may need (such as finding a new home).
  • Will you provide seller financing or require that the full purchase price be paid at closing in cash?
  • Fix a deadline.

Should also consider whether or not you will be selling any personal property along with the property can sell your property with seller financing. You will need to provide details of this financing such as the amount required for the down payment, the interest rate and amortization period. Visit our page Real estate for more tips before you jump into a seller-financed transaction.

We know the paperwork and the process. We can guide you through your next sale

  • Negotiating Terms
  • Drafting the Agreement
  • Helping with Disclosures
  • Dealing with Deadlines
  • Guidance Through Closing

Contact Us Today

When it comes to real estate law in the Tampa Bay/Saint Petersburg area, and throughout the State of Florida, Bonardi & Uzdavinis emerges as the paragon of trustworthiness and proficiency. Do not leave your real estate transactions to the vagaries of chance. Contact Bonardi & Uzdavinis without delay to arrange a FREE consultation to discuss your legal needs and feel comfortable with our seasoned team who will provide tenacious representation on your behalf.

Feel Free To Schedule A Consultation

Contact Bonardi & Uzdavinis without delay to arrange a FREE consultation.

LET’S TALK

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