FOR SALE BY OWNER

Assistance Buying & Selling Property from a Cumming Real Estate Lawyer

There are some distinct advantages in selling property without the assistance of a real estate broker, but it also opens you to the possibility of being cheated or missing important details. Whether you are an owner selling the land, or a buyer purchasing directly from the owner, it is wise to work with an experienced Cumming real estate attorney to protect your best interests.

Call (678) 208-0339 for a free consultation discussing a for sale by owner deal.

Tips When Selling Your Property

When selling property without a real estate broker, you will have to make some informed decisions that can be difficult without experience. Thankfully, you can work with a real estate attorney to organize the details and still maintain autonomy when selling the property.

What to remember when selling your property:

• You get to set the price of your home and the terms and conditions of sale
• It will be your responsibility to market and advertise the for sale property
• You will not have to pay a commission to a real estate broker
• You will be responsible for showing the property to potential buyers
• You should work with a lawyer to draft and review contracts

Tips When Buying From Owners

Buying from owners is a preferable purchasing option for many people as the prices are typically lower without a hiked up agency fee. Further, you have the chance to speak with an owner directly and hear details about the property straight from them, rather than an agent who will always be working from a sales perspective.

Be careful, however, as buying from owners comes with its own risks. Since they are not agents, they will not be as experienced in real estate transactions and could make costly mistakes that affect both buyer and seller. Have a real estate attorney review all the documents to make sure the seller has done the proper research and paperwork.

What to expect when buying directly from owners:

• Price should be lower, since neither party has to pay a real estate agent fee
• Compare the price of the property with similar properties, in case they are overpricing
• You can talk directly with the owner, not a salesperson
• An attorney should review the deal for errors or strange details
• Ask the owner how the house was appraised
• Make sure the owner is authorized to transfer the title to you

Buying or Selling—You Need a Cumming Real Estate Lawyer

You can benefit from buying or selling property without a real estate agent. Your biggest concern should be making sure all of the documents are properly filled out and contracts set appropriate terms, which a real estate attorney can help with. Marcus A. Rosin, P.C. has 20 years of experience facilitating real estate transactions and always looks out for the client’s best interest.

Ready to learn more about your options? Marcus A. Rosin, P.C. is ready to help. Fill out our online form to get in touch with us today.