GSAP Must-have FSBO documents for home sellers
Greenville, United States - /Sell My House Fast Greenville -Spartanburg-Anderson-Pickens/
5 FSBO documents you must have
If you are an FSBO home seller who wants to sell your house fast, there are some documents you can’t do without. Having the requisite documents ready will enable the buyers to make an informed decision and expedite the home sale. Sell My House Fast - GSAP, a cash home buyer in Anderson, highlights some important documents FSBO sellers must-have.
1. Completed Property Disclosures
Disclosure forms are pretty much the first step for FSBO sellers. It offers crucial information to buyers, but some states also require sales disclosures for sales to happen legally. A well-drafted seller's disclosure form will disclose all the material defects in a property, such as known defects, easements, presence of lead or toxins, and floodplain or wetland classification. This disclosure frees the seller from all liabilities.
2. Title Review & Commitment
Sellers can hire a title company to review the title of a home and provide a preliminary title report to prospective buyers. This helps determine any liens against the property or any unidentified co-owners who have not signed off on the sale. This information enables buyers to make their decision.
3. Survey Location Report
Some buyers or state laws may require an up-to-date survey location report before a home sale is taken forward. This report is helpful as it makes a home more marketable by easily providing the requisite information to buyers. It is a general physical inspection of the property and is accurate to plus or minus a few feet. However, home sellers must note that this report is expensive and takes several weeks to be created by a land surveyor.
4. Covenants, Restrictions, and Other Rules
Withholding information from a buyer is a sure-shot way to lose an offer. Therefore, home sellers must reveal any covenants, restrictions, or HOA (homeowner’s association) or POA (property owner’s association) rules to a prospective buyer. FSBO sellers can contact the HOA/POA board, county recorder, or a title company to access these documents for their buyers to review.
5. Purchase Agreement
A purchase contract is a legally binding written agreement between the buyer and seller that can be drawn by a common real estate agent or an attorney. These contracts include comprehensive legal descriptions of several terms of the agreement, such as purchase price, down payment, closing date, disclosures, contingencies, etc.
To avoid disputes, all the important terms are comprehensively written in a purchase agreement. The agreement will also lay down the processes to handle any potential disputes.
The FSBO method is an intensive and time-consuming method of selling a house. It becomes even harder if the home seller doesn’t have any insights into the real estate market and the resources to manage a profitable sale. Instead of the traditional listing method or FSBO, home sellers can make their life easy and find a reliable cash buyer, such as Sell My House Fast - GSAP in Anderson.
Why Sell My House Fast - GSAP?
Sell My House Fast in Greenville, Spartanburg, Anderson, and Pickens makes home selling easier. The company buys the home fast, renovates it, and sells it. By eliminating the middlemen such as agents, banks, and inspections, the company saves the home sellers a lot of money and hassle. Homesellers can receive “cash for your house” offer swiftly by following 3 simple steps:
- Fill out the form - the home sellers can request their cash offer by filling out the form with contact information or directly calling the team.
- Receive cash offer - the company will schedule a property viewing and make a fair, no-obligation offer, all-cash offer within 24 hours.
- Choose closing date - Within 14 days of accepting the offer, the company can close escrow and transfer the money to the home seller.
To sell your house fast, call Sell My House Fast GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com
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