In order to secure a buyer you must draft a sales agreement that acts as a receipt for the deposit and states the terms of the sale. You’d be wise to hire an attorney or title company that specializes in real estate. Hiring a real estate attorney or title company will give you ease of mind and make the process so much easier as they are trained and look for things you might miss.
As a seller you are legally bound to disclose all defects of your home prior to selling. If you don’t you could be held legally liable. Sellers must reveal any damages such as water damage or structural problems. You don’t want to surprise the buyer after they’ve made a offer. Don’t be afraid of these disclosures. Most buyers expect them.
We recommend you hire a professional house inspector to check the house thoroughly before you list your home and then take care of the problems before you even show your house. Doing repairs ahead of time can be more cost effective than having to pay a buyer’s own licensed contractors to do the work after you have the offer. If you get the house inspection first before showing your home You can then show the buyer the professional inspection and that the problems have been addressed and corrected.
Home inspections done after you get an offer have the power of sending everyone back to the negotiating table. Having a pre- listing inspection will take away the buyer trying to negotiate the price down for repairs and help you get your asking price!
If all of this sounds a bit overwhelming; here at FlatFeeHouses we offer a Realtors Assistant Plan where a licensed realtor will prepare your sales contract, schedule your closing, handle escrow checks and schedule inspections. We will be with you every step of the way. Contact us for more details.