Local Real Estate Lawyers For FSBOS
Bare Land • Commercial • Condominiums • Court-Appointed Officers • Estate Executors • Farms • Investors • Residential
We help for sale by owners (FSBOs) with contracts (drafting and review), legal disputes, and more. Call today to schedule a no-charge consultation, (208) 712-4700.
“For Sale By Owner” deals are becoming more popular by the day, in large part because of the booming real estate market in so many cities, towns, counties, and states.
Benefits And Risks Of FSBOs
At first blush, nothing could seem easier than a FSBO. Post a sign out in front of your house or property, list the property on a few real estate sites, and get ready for a horde of buyers to come and 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.
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 or property 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 local, expert real estate attorneys 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)
We can help with most types of real estate issues that impact FSBOs, including:
- purchase and sales agreements
- real estate contract drafting and review
- earnest money disputes
- enforcement of sales agreements
- land use research
- deeds (warranty deeds, specialty warranty deeds, and quitclaim deeds)
- real estate agreements and easements
- title insurance research and exceptions
- real estate litigation