| One of the most intimidating aspects of selling | | | | from the stress of drafting an agreement o sale |
| your own home is the sales agreement. | | | | on your own. |
| Advertising and showing your home are the easy | | | | Utilizing a sales worksheet with an interested |
| parts, when you find a buyer - that's where it | | | | buyer is a great option to nail down the details of |
| becomes a challenge. On the surface it seems | | | | the transaction. This is just a worksheet, not a |
| simple - just an agreement and a receipt, but | | | | legal document, but contains all the things you and |
| when it comes to real estate the document must | | | | the buyer agree on. The worksheet actually can |
| be legally accurate. | | | | become a tool for working out the numbers and |
| Actually in the early days of home buying the | | | | coming to an agreement. Once you've agreed on |
| agreement was a simple one page document with | | | | the price, deposit, dates, and other terms your |
| the facts - the parties involved, the property | | | | worksheet can help your attorney draft a sales |
| address, and the purchase price. However today, | | | | agreement. |
| in order to avoid lawsuits, sales agreements are | | | | Some buyers are nervous when buying a FSBO |
| written by lawyers and are often about 10 pages | | | | home and going to a professional for the legal |
| in length. This really puts a FSBO at a | | | | paperwork will relieve some of their worries. Many |
| disadvantage. | | | | buyers are also wary of paying an individual |
| Using a form from a local office store, often sold | | | | directly. Your attorney can also serve as a third |
| as "Sales Agreement for Real Property", is a bad | | | | party for the payment and set up an escrow |
| idea and you could be laying the groundwork for | | | | account for you. |
| expensive litigation later on. These commercial | | | | The best way to ensure a successful transaction |
| forms actually often contain more blank space | | | | is to make sure your agreement is completed |
| than legal language. Even relying on a friend who | | | | correctly. While it may be tempting to draft your |
| has drafted sales agreements in the past may be | | | | own documents, if you aren't a lawyer your |
| risky. The best option is to hire someone to do | | | | version may not stand up in court. Find an |
| the sales agreement for you. In most states | | | | attorney to help with this one step and you could |
| there are attorneys who specialize in real estate. | | | | find yourself successfully selling your first |
| While this option may be costly, it's still cheaper | | | | property! |
| than using a real estate agent and relieves you | | | | |