Here is a question I found on the Active Rain Q & A from some unrepresented buyers who signed a contract to buy a home from a for sale by owner (FSBO).  It was submitted 09/27/08 at 03:17 PM

"We are purchasing a home from a for sale buy owner situation. We used a simple contract from an office supply which did not have a possession clause nor did we think to write it in. After signing of the contract, the owners stated they needed 45 to 60 days after closing for their home to be build. They are under the assumption that they have up to 30 days to vacate after closing to vacate without paying any rent, etc. What are the guidelines in Kentucky as there was no clause in the contract and no mutual contract between us? What are the option that we have if they will not pay rent and want to cancel the deal. We are suppose to close this coming Tuesday"

This IS really is a shame.  I really do feel badly for these people because they were not aware of the possible issues that can come up. 

The representation of a REALTOR could have been priceless in this kind of situation. 

I wonder if the FSBO seller used disclosures???  I wonder if the buyer had a home inspection??? These people need a lawyer obviously....I wonder if they even have one, to me the question reads like they do not. (Some Active Rain members commented on the question to tell these people this - I did not since I felt the answer to the question was given).

This whole scenerio shows the fact that there is

 Value to a REALTOR'S services 

What do you think????

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