When speaking to fsbo home sellers, I will often hear something like " I got an offer already." My response is typically "do you have it in writing?" At least half of the time, the response is "not yet. My fsbo home seller tip for the day is that Everything Must Be in Writing. There is no contract without a written document.
Once you obtain a written offer on your home, I would encourage you to put everything in writing during the transaction. Even if you have discussed sometbhing with the buyer or buyer's agent, send a follow up email docuementing what you have agreed upon. When deals fall apart, everything will come down to the written documents as opposed to the spoken word.
Make sure that all repair negotiations are agreed upon in writing, as well as any changes to the initial agreement, such as date of close or purchase price.
The old days of working off a hand shake and common understanding won't serve you well in something as complex as a real estate transaction. Document everything and create a working file for your transaction.
By the way, if you are not sure of the best way to write a real estate contract, every city has real estate attorneys and brokers such as myself, who will write up a contract for a flat fee. If needed, take advantatge of these services for a much smoother escrow proess.
For more information about selling your san diego home FSBO, please go to http://1sandiegohomesales.com or give me a call at 619-379-8616.
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