Looking to Sell a House on Your Own in Burlington County, NJ?
NJ Real Estate Attorneys Advise on FSBO to Save You Money
Selling a home is a major financial transaction. It can be extremely lucrative, likely one of the most exciting times of your life. Unfortunately, it may also be one of the most overwhelming. You may be aiming to save money, and hopefully make money, from the transaction. However, a For Sale by Owner (FSBO) deal can wind up costing you plenty without the guidance of a knowledgeable real estate lawyer on your side.
You may decide to talk to real estate agents before opting for an FSBO deal. Keep in mind, however, a realtor is an expert about real estate, not real estate law. In fact, a New Jersey real estate agent is not allowed to give you legal advice. With laws and procedures changing constantly, you owe it to your family – and your pocketbook – to enlist the experience and skill of a knowledgeable real estate lawyer at McDowell Posternock Apell & Detrick, PC. We’ve helped countless South Jersey homeowners, like you, sell their houses with and without a realtor.
From the Start of Your Maple Shade FSBO, Have a Qualified Real Estate Agent Looking Out for Your Interests
You decide to sell your house on your own because you want to save money. However, it’s important to remember that your time and effort are valuable commodities. Marketing the house and showing the house are time-consuming, frustrating activities. People make appointments and don’t show. They make low offers. They want to save money on the deal just as much as you do. That’s understandable. A good real estate attorney will protect your interests along the way. At MPAD Law, you can count on us to:
- Draft the Sales Contract
- Negotiate with the buyer or attorney
- Revise the contracts, as necessary
- Deal with contingency issues – yours and the buyer’s
- Handle unforeseen complications such as inspection issues or zoning problems
Other Time-Consuming Tasks Your Real Estate Lawyer Will Handle
Provide Advice About the Residential Real Property Disclosure Statement: This document potentially protects you against the buyer discovering defects on the property after the sale has been completed. Although you are not legally obligated to complete one, it understandably provides comfort to your buyer. It is important to discuss your obligations and your options with a lawyer so your interests as a seller are protected.
Negotiate Repairs: If there are any defects on the property, these might need to be addressed before closing. Repairs could be required, and a real estate attorney can help you negotiate which party will be responsible for those repairs.
Mortgage Issues: Most likely, your buyer will need to obtain a mortgage prior to closing. We will structure the contract so you are protected in case the buyer fails to obtain a mortgage.
Obtain a Certificate of Occupancy: This is a document certifying the building is suitable for occupancy and meets all relevant building codes and regulations. You must obtain a certificate of occupancy from a local government agency prior to closing.
Deal with Title Report Concerns: A title company will perform a title search and ensure the property is free of any liens or encumbrances. In the event there are liens or other clouds on the title, we will help you deal with these so you can still complete the sale.
Review of HUD-1 Closing Sheet: This is a government-issued settlement statement itemizing all of the costs associated with the sale. It is crucial that you have an experienced real estate attorney who can review this important document, as well as detect – and rectify – any errors.
McDowell Posternock Apell & Detrick, PC Advises You Every Step of the Way in Your FSBO Transaction in NJ & Philadelphia
A New Jersey real estate lawyer does more than simply make sure you’ve dotted every “i” and crossed each “t” in your contract. A skilled real estate lawyer will work to guard your legal interests.
Call us or use our online contact form to arrange a free phone consultation at our Moorestown, Maple Shade or Browns Mills offices. One of our knowledgeable real estate attorneys at McDowell Posternock Apell & Detrick, PC will be happy to discuss your FSBO deal. We are here for you, and we can save you time, money and hassle.