Tampa For Sale by Owner Lawyer
Perhaps you want to avoid expensive seller-agent commissions. Maybe you already have a buyer, such as a friend or relative, or you like the idea of selling the property on your own, under your own terms.
Whatever the reason, selling your home yourself, known as “for-sale-by-owner” or “FSBO,” can be beneficial and is a path many sellers take every year. Real estate agents play an important role in the industry, but some sales are best completed with the guidance of a lawyer.
Should you consider “for-sale-by-owner?” And what do you stand to gain when you work exclusively with a lawyer? Learn more about the advantages below to help you make the right choice for your sale.
Why Do a “For-Sale-by-Owner?”
When you have a dedicated attorney in your corner, FSBO sales can bring various benefits, including:
Flat Fee with No Commission Charge
Attorney services will come with a cost. However, you will have to pay a real estate agent a commission based on the sale price, which is often far more than the cost of an attorney. When you work with a legal professional, you’ll pay a more predictable flat fee that could potentially be lower than an agent’s commission.
Full Control of the Process
As the seller, you will have complete control of the sales process. You can decide where to list it, the price, and what features to highlight. You also have direct control over showings and open houses. You can negotiate directly with an interested buyer, giving you greater control of the sales process.
Avoid Dual Representation
“Dual representation” is when a real estate agent represents both the buyer and the seller. This can lead to a more efficient sales process, although there are some clear disadvantages, such as the agent not acting in your best interest. Agents representing both parties are incentivized to close the deal as quickly as possible because of the double commission they will earn. When you perform an FSBO with an attorney, you avoid this situation.
Legal Advice from a Licensed Attorney
In the state of Florida, a real estate agent is not allowed to give legal advice on the forms and documents you sign. A licensed attorney can provide the necessary guidance, which creates a clear advantage when navigating the complexities of a real estate sale.
What Do You Get When You Sell With a Lawyer?
There are several benefits to hiring an attorney to help with your FSBO sale. You’ll have an attorney on your side who can review and prepare documents, including the purchase agreement. The attorney will be able to estimate costs for both the buyer and the seller, and they will draft all closing documents. The legal professional can guide you through the sales process, helping you better understand all disclosures and contractual contingencies.
From post-inspection addendums to a complete review of the title search, commitment, and municipal liens, you’ll have everything required for an FSBO sale when you work with a qualified attorney.
Don’t Do It Alone; Do an FSBO the Right Way With a Dedicated Attorney!
If you are ready to sell your home and want to complete the transaction without a real estate agent, make sure you have the guidance and support of an experienced attorney.
Selling a home can be complex and confusing, but you don’t have to navigate the sales process alone. Contact the Messina Law Group, P.A. for the dedicated support you deserve!