FSBO Process from agreement to closing

[Robert Gunby]

Hello all, I am doing my first FSBO. What is the process like? I have always used a Real Estate Agent. The my thinking of the process: I would call an attorney to draft the purchase and sale agreement, send it to the seller's attorney for them to review and sign, and then send it to the bank for financing? I know that you can use a RE agent as a 'transaction agent' and the one I talked to said that he would do it for 1% of the purchase price (90k). Just trying to understand the process to minimize fees and cost that can be avoided by my own understanding and due diligence.