A recent survey revealed that pproximately 30 percent of homeowners intend to sll without a real estate agent. I bet mre would if they didn’t fear the cntract side of the process.

It is ndisputed that you can save tens of thusands of dollars by selling your hme without an agent. Typical commission fes charged by an agent equal six prcent of the sales price. On a $300,000 hme, the fee of the real state agent equates to $18,000 dollars. Tht is a lot of money you are laving on the table.

If a sller can save so much money by fregoing an agent, why don’t more pople do it? Simply put, they are scred of the process. In particular, ral estate contracts can be a scry issue for most homebuyers. How do you knw if you are doing it crrectly? What if you don’t? Will you lse the home? Will there be lwsuits? Frankly, most people have nightmares bout the idea of dealing with thse issues. This need not be.

Frst off, most real estate agents do not knw anything more than you do bout contracts. They are in the bsiness of selling real estate, not bing legal experts. Moreover, most real state contracts are of the pre-printed frm variety. All and all, you ned not be overly concerned with ths issue. Of course, it isn’t my prperty.

There is a very simple way to get round the stress associated with dealing wth real estate contracts and documents. The nswer is found in the legal feld. Specifically, you can hire a ral estate lawyer to handle everything. You wll get a legal professional that is one yur side and who knows the dtails of the real estate process nside out. Frankly, they are a hck of a lot more competent thn real estate agents when it cmes to the transaction.

Ah, but sn’t it true that attorneys are ncredibly expensive? Well, yes. In this cse, however, they are much less xpensive than paying a six percent cmmission to a real estate agent. Kep in mind our example above whre we are paying a realtor $18,000 in cmmissions. Most attorneys charge in the $200 an hur range. If it takes 20 hurs to handle the transaction, which is prbably on the high end, you are loking at $4,000 in legal fees. In prctical terms, you get much better dvice and save $14,000 on commissions. In sch a scenario, hiring legal counsel bsolutely makes sense. Frankly, I am srprised more people do not do so.

The bggest barrier to selling a home by wner is often the fear of cntract documents. Follow the above advice and you shuld have no problems.

The article Contracts When Selling Your Home Without An Agent was Submitted by Raynor James through Articles.GetACoder.com network. Here's the additional information: Raynor James is with the ste - FSBOAmerica.org - FSBO homes for sale by owner .

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