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Setting up your For Sale by Owner for success

Blog | Closing Disclosure | Real estate intelligence

Though realtors broker the majority of real estate transactions, buyers and sellers do often find each other directly and strike up a deal on their own. After agreeing on price and terms, very often both sides wonder- what is the next step? Very little differs from the standard closing process , except buyers and sellers are obligated to do a bit more tracking in lieu of the customary broker commission.

Here is a play by play of what buyers and sellers need to do in order to finalize their transaction:

From this point on, the title company and lender (when applicable) should generally take over the closing process and the buyer and seller just need to be ready to move and close!  Remember, this a still a binding contract and both parties need to treat it with a “time is of the essence” approach.

For more information or a no-obligation complimentary contract review or contract preparation, please contact us at 305-803-9701 or info@theclosingcompany.net

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