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.
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
