Advice for "For Sale By Owner"

For Sale By Owner, Advice

 

by Veronica Cabrera, Realtor

October 14, 2012

 

            This blog is for the "For Sale By Owners".

     
     In the first place, I would like to congratulate you for the important decision you have made on selling your  property; I hope everything goes nice and smoothly. I would like to provide you with some important information about the process of a real estate transaction. Some points to consider when selling a property are:

·       After finding the right buyer and negotiating the best deal, have the buyers be pre-approved by a trusted lender to make sure he or she will close successfully.

·       Once you have chosen the escrow and title company, have the buyer deliver the good faith deposit.

·       Make sure to follow all seller’s guidelines and requirements providing disclosures on timely manners.

·       Disclose everything you know about the property and the area where the property is located.

·       Have all agreements in writing.

·       Provide all California Real Estate Disclosures to the potential buyers.

·       Buy a Natural Hazard Disclosure Report for the Buyer .

·       Keep a copy of the buyer’s signed acceptance of all reports, disclosures and agreements.

·       Make sure the buyer orders a professional property inspection to avoid future legal disputes.

·       Buyer will appreciate it if you pay for a one year home warranty.

·       Appraiser may request some minimum repairs, smoke detectors and carbon monoxide detectors.

·       Once escrow is opened, money deposited, disclosures are delivered to the buyers, and inspections are done, have the buyer remove any contingencies, so he or she will not walk away a month later for any reason other than the loan approval.

·       Title and escrow company will make sure that the property is free and clear of any liens.


     A California Real Estate Purchase Contract can guide you on the minimum requirements of the sale.. A
real estate transaction is meticulous, sensitive and detailed. Make sure to consult a legal advisor, and a
tax consultant for any concerns.

              
             I hope this information is valuable to you. If you need help with any of the above mentioned procedures
       please don’t hesitate to call me. 

 

Veronica Cabrera, Realtor

Huntington Beach, CA

www.veronicacabrera.com