Timely Contract Helps
Family Home • Bare Land • Condominiums • Court-Appointed Officers • Estate Executors • Residential Investors
“For Sale By Owner” deals are becoming more popular by the day as a way to keep the costs of selling your home down.
Benefits And Risks Of FSBOs
At first blush, nothing could seem easier than to sell your home as a FSBO. Post a sign out in front of your house, list the property on a few real estate sites, and get ready for buyers make generous offers.
In reality, however, few transactions are more fraught with potential risk and legal liability than FSBOs.
If you decide to go the FSBO route, you can potentially save thousands (or even tens of thousands) on real estate agent commissions. But if you want a clean transaction – and peace of mind – you’d be wise to invest in the services of an expert, local real estate attorney.
Do you want to get the best price you can for your home? Get a TIER!
Prove that your home is worth top dollar by documenting that the invisible legal risks to title, like easements, shared road agreements, deeds, and liens, are in marketable condition. TIER mitigates much of the legal risk of selling a home by providing a legal opinion of the public document record at the County Recorder’s Office.
TIER® (Title Insurance Exceptions Review®) delivers a written legal opinion of exceptions to title insurance. The TIER analysis substantiates your listing price.
Buyers can submit an offer with confidence and proceed to close knowing that what they are purchasing is worth the price they are paying.
Do you need a purchase and sale agreement to sell your home?
Take control of your real estate transaction with a custom-drafted contract that addresses the unique circumstances of your sale.
TC Drafting schedules a phone appointment so you can have a substantive, confidential conversation with your attorney, then delivers a custom-drafted contract to you in ten business days.
Disclosures For FSBOs
Every state has different disclosure laws that dictate what sellers have to disclose in real estate transactions. It’s important to comply with those disclosure requirements in order to ensure that, once your house has been sold, the deal is done, once and for all – with no potential legal liability hanging over your head!
Real Estate Sales / Purchase Agreements For FSBOs
A well-written real estate contract, with terms clearly spelled out, is one of the keys to a successful FSBO transaction. You need precise legal language for everything from earnest money to performance deadlines, disclosures to inspection objections, title insurance to closing dates.
Disputes Over FSBO Contracts
If you and your buyer have a dispute over one of the clauses in your real estate contract, or the buyer tries to back out of the deal without cause, you’ll have trouble enforcing the contract if it wasn’t properly written.
Timely Legal Services For Sellers
At Timely Contract, our mission is to help FSBO sellers avoid legal issues…and resolve them promptly when they arise.
Our TC Certified attorney can assist FSBO sellers with:
- TC Drafting (real estate contract drafting)
- TC Review (real estate contract review)
- TIER (due diligence for risks that title insurance doesn’t cover)
- TIER Plus (customized legal due diligence and legal opinions)
Our experienced real estate lawyers can provide legal services for residential real estate FSBOs.
We can help with most types of real estate issues that impact FSBOs, including:
- Purchase and sales agreements
- Real estate contract drafting and review
- Land use research
- Deeds (warranty deeds, specialty warranty deeds, and quitclaim deeds)
- Real estate agreements and easements
- Title insurance research and exceptions
At Timely Contract, we have local real estate attorneys who have experience throughout Idaho, including: Boise, Post Falls, Coeur d’Alene, Lewiston, Moscow, and Sandpoint.
We also have local real estate attorneys who have experience throughout Montana, including: Missoula, Billings, Bozeman, and Kalispell.