Time Agent
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Trying to sell a home without a real estate agent. First time home seller. How is this done?
My community has multiple homes for sale, so it makes no sense for me to use an agent when I can utilize the existing marketing.
I need to know the general idea of how the process works (from start to finish). But I do have some specific questions:
-Once a buyer and I agree on a selling price, I assume I need to make it official by documenting the price on a selling agreement and having that contract executed by both parties. Where do I obtain all of the legal forms (selling agreement, etc) for selling my home?
-I have heard that once a home sells, the buyers mortage company will have recommended real estate legal services that can handle the closing. Is this true? or should I find an independent real estate attorney to handle the closing?
As you can tell, I don't know much about the process. If someone can take me from start of the process to finish, that would be great! Thanks for the help...
It depends on the state where you live. In some states it's customary for a lawyer to do the closing and title search, some states have just title search companies that handle it, some real estate brokers handle it.
I would suggest hiring an agent on an ala carte basis. You can do that, and commissions if you decide to list are also negotable. As a seller you have a lot of disclosure forms to deal with--lead, radon, condition of house/known defects, etc. In some states the seller is also required to have a pest report. There are a lot of variables depending on your state.
Nolo Press books also have some decent landlord/tenant/do it yourself books, they might have one for your situation.
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