For Sale By Owner is also known as “FSBO” is a real estate term associated with house closing sellers that seek low cost or no real estate broker representation. FSBO sellers generally do not want to pay the 6 percent of sales price towards a real estate broker. The sale of a home is a major real estate transaction involving a significant amount of financial investment.
FOR SALE BY OWNER IN SHOREWOOD LAWYER
Sean Robertson is the Principal of Gateville Law Firm, which is a real estate law firm with offices in Shorewood and Will County. For Sale By Owner real estate transactions are much more complex because a real estate agent or broker generally provides experienced guidance though the real estate transaction. Sean Robertson and Gateville Law Firm is an attorney and real estate law firm that provides guidance and assistance to FSBO home sellers in the Shorewood, Plainfield, Romeoville, Joliet, Crest Hill, Minooka, and Will County.
One of the services that we offer is creation of the real estate purchase agreement. We have an intake form where we ask sellers and buyers to work together to complete the basic intake form. From there, we will draft the real estate purchase agreement and give guidance as necessary to complete the intake form for FSBOs.
REAL ESTATE PURCHASE AGREEMENT ATTORNEY IN SHOREWOOD AND PLAINFIELD, WILL COUNTY
The Real Estate Purchase Agreement and related property disclosures are critical to the real estate process. The contractual obligations and duties are contained in the real estate purchase agreement such as the purpose price, the closing date, the financing terms, and type of financing among other people.
The real estate purchase agreement contains the following key terms:
- The home sale price
- Any home warranties or closing costs credits
- The address of the property including the PIN Number(s)
- Loan contingency deadlines
- Earnest Money required
- Discusses the home inspection period and the rights and responsibilities including the deadlines
- Proration of the real estate taxes up through the closing date
- Type of loan and maximum interest rate allowed
- Closing date
WILL COUNTY AND SHOREWOOD SKILLED REAL ESTATE LAWYERS FOR FSBOS
Attorney Sean Robertson and Gateville Law Firm helps FSBO owners draft a real estate purchase agreement and provides experienced real estate coordination and guidance through the real estate closing process. As the seller’s real estate attorney, we will order the title examination, review the title, negotiate the attorney review and home inspection periods, and provide guidance and experience related to the entire real estate closing process.
Contact Attorney Robertson at 630-780-1034 to discuss your FSBO real estate needs in the Shorewood, Plainfield, Minooka, Romeoville, Crest Hill, Aurora, Joliet, Oswego, Yorkville, and Plano areas.