Miami, FL · Member since 2016 · 53 posts · 3 votes
I'm a first time FSBO seller that plans to post a listing in Illinois. Should I be giving real estate forms to my potential buyers at the showings in case they want to put in offers? If so, what forms should I be handing over to them? I want to make this as easy as possible for them to put in an offer and to keep the process running smoothly.
Well there's a specific FSBO form, a 6.1 RE contract, a property disclosure form, a radon disclosure form, and lead based paint form you should have completed and ready to go. Your RE attorney should be able to assist you if you're not using an agent, and I hate to say it, but this is why you should have an agent
Well there's a specific FSBO form, a 6.1 RE contract, a property disclosure form, a radon disclosure form, and lead based paint form you should have completed and ready to go. Your RE attorney should be able to assist you if you're not using an agent, and I hate to say it, but this is why you should have an agent
@Jack Taylor All of the disclosures, corresponding pamphlets and the 6.1 Contract (the most widely used RE Contract) can be found here. FSBO Forms - Jack Taylor
If you have specific questions regarding the completion of the disclosures, the execution of the contract or dealing with a buyer who has a Realtor, feel free to PM/email me.
Out of curiosity why are you listing FSBO? You can use a flat fee realtor for under $500, and they legally have to take care of all this for you. If you want to list on-line, it ends up costing you almost as much to get your listing on the MLS anyway.
@John Warren I'm considering a flat-fee realtor...Doesn't that also mean I'll be paying a buyer's agent commission as well, though? Trying to avoid shelling out $10,000+ of the purchase price if at all possible. I'm new to this. I know paying for realtors will probably get my home sold faster, but I'm not necessarily concerned with the speed of the sale.
You will end up paying for the buyer's realtor if you use a flat-fee place. Its obviously up to you if you want to allow realtors to show buyers the place, but all the data is out there about realtors helping you sell faster and for more money.
If you feel confident about your ability to price the house, then the flat fee person may be the way to go.
Feel free to pm me if you decide to list FSBO. I can help you get the disclosures you need at least.
I hold an Illinois Real Estate Managing Broker license. When you sell a residential property (up to 4 units), you are required to provide the following disclosures:
1. Illinois Residential Property Disclosure
2. Radon Disclosure
3. Lead Based Paint (if year built is prior to 1978)