Ok, you're selling FSBO and you've found a buyer. Now what? A simple one page Purchase and Sale Agreement just won't do. There are so many considerations to protect both the buyer and seller.
Consider property disclosures, lead paint forms, financing, septic inspection forms, well forms, condition of title forms, neighborhood review forms, etc.
You name it, there is a form for it.
You don't want an unaddressed issue to come back and bite you after the sale, so protect yourself and get everybody involved in the transaction to sign and initial.
My first step in selling fsbo would be to have a local real estate agent give me copies of all the forms they use in the process of selling a home. Agents are well protected these days, and the real estate industry makes sure to cover everything possible to help insure a smooth transaction. Go over the forms and see if you are covered for the type of property that you are selling. You should get these forms well in advance, before finding a buyer. Some forms are County specific for your state.
When in doubt, consult a real estate attorney to review your Purchase and Sale Agreement.
To get FSBO form software, just go to your favorite search engine and enter the words "fsbo form software".
While every form is important, the one form that needs your attention most is the "property disclosure form". This is the form that discloses everything that you know about the propety. It is important so the new buyer can make an informed buying decision. You don't want a buyer coming back to you after the purchase to make you pay for a problem that you were aware of, but didn't disclose.
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