PROPERTY FOR SALE BY OWNER
According to a profile of home buyers and sellers from the National Association of Realtors, up to 17% of homes are currently sold FSBO. FSBO is an acronym for “For Sale by Owner,” in other words a sale which takes place without the assistance of a real estate agent.
Real estate continues to be one of the best investments in the world, and these days a growing number of home owners have the confidence to act as their own agents in the sale of property. Security Settlement Services, Inc. represents purchasers and sellers in all phases of a real estate transaction, from negotiating the purchase agreement to the closing.
While it is possible to save the fees traditionally charged by real estate agents, the responsibilities of the agents remain. A real estate sales contract or purchase agreement is still necessary, and should take into account contingencies such as financing, home inspection, radon inspection, termite inspection, clear title requirements, and more. “Contingency” means that unless a particular requirement of the contract is met, the purchase cannot go through. A financing contingency, for example, may set timelines for the purchaser to have a fully approved loan within so many days of contract ratification.
Other FSBO Concerns
From purchase agreements and disclosure statements to home title insurance, Security Settlement Services, Inc. can aid you in the sale of your property.
A full service title insurance agency, Security Settlement Services, Inc. can assist with:
- Owner financing.
- Title searches to determine if there are any liens or other interests in the property.
- Home title insurance, to protect against unforeseen defects in the property title.
- Real estate services, from loans to escrow, from document execution to closings.
If you have decided to go the For Sale by Owner route, contact us to request more information and to learn what Security Settlement Services, Inc. can do for you. We represent purchasers and sellers in all phases of a real estate transaction, from negotiating the purchase agreement to the real estate closing.
Over 15 years of experience in preparing residential closings means you can count on us to keep your interests in mind. Safeguarding your interests is our mission, and providing you with peace-of-mind is our goal.
