Columbia MD For Sale by Owner Lawyers
Seasoned Legal Guidance for Buyers & Sellers
Many homeowners opt to sell their homes themselves without the services of a real estate agent or broker. This is commonly referred to as “For Sale by Owner,” or FSBO. The biggest advantage of going this route is saving the commission you would otherwise have to pay the realtor. With commissions ranging from four percent to seven percent, this can be a considerable sum. However, selling your home on your own entails more than just putting a sign out in the front yard. It involves a legal process that must be done according to state law.
If you are thinking of selling as a FSBO or have already started the process, you will likely need guidance along the way, especially once you have negotiated a fair price with your potential buyer. At Ward & Co Law., we can help. We bring considerable experience to the table in handling all real estate matters, including all the necessary requirements to safely complete your FSBO transaction. We are proud to have served Columbia and the surrounding communities with real estate legal services since 1997. Our priority is to ensure that your transaction meets all legal requirements and is completed as efficiently as possible.
Ready to discuss your legal needs with a Columbia MD For Sale by Owner attorney? Call (410) 775-5955 to set up a free, initial consultation.
For Sale By Owner Legal Help
Many moving parts go into the purchase and sale of property. When engaging in this process on your own, you will need to ensure that all the various issues and legal requirements are handled per the law to finalize your transaction.
Our firm can help with matters such as:
- Getting your property appraised
- Handling pricing and the property listing
- Drafting, reviewing, or overseeing purchase/sale agreements and their terms
- Helping you evaluate complicated offers that may involve conditions that the buyer wishes handled before the sale can complete
- Helping you evaluate lease options-to-buy and their terms
- Providing all legal disclosures
- Holding funds from escrows
- Creating settlement agreements and statements
- Preparing and recording of property deeds
- Negotiating various costs between buyer and seller as part of the contract
- Handling any title matters or disputes
- Handling the closing and execution of all documents
- Handling any post-contractual matters or negotiations
Our legal team will always work on your behalf to ensure your transaction moves forward as smoothly as possible. Should disputes arise, we can help you negotiate through them to reach mutually acceptable agreements. Most FSBO sellers have little trouble setting a price, preparing and showing the property, and finding a buyer. It is generally the legal aspects of the sale that can be challenging, as contracts are written in “legalese,” and subject to state, federal, and local law. This is especially true for homeowners who have never attempted to sell a property on their own before.
Legal Help for FSBO Buyers
These above general statements also hold true for buyers purchasing a FSBO. You may have successfully negotiated a fair price for the property you want to buy directly from its owner. After that, finalizing the process can bring with it challenges and concerns. You will likely want legal oversight as to the contract you sign and its many terms. You may be unaware of various aspects of the buyer-seller relationship concerning real estate. Our team at Ward & Co Law. can provide the answers you need, review and advise you on your purchase agreement, and provide any other guidance needed with any part of the legal process.
Get the help you need as a FSBO buyer or seller today. Contact us at (410) 775-5955 or submit your request for a consultation via our online request form.
