Navigating contracts and paperwork in a for sale by owner transaction in MN can be challenging. As an FSBO seller, managing listing documents, contracts, and insurance papers on your own can become an overwhelming task. This is precisely why we suggest partnering with a flat-fee FSBO company like ours for support.
At Real Estate Corners, we will put your property on the Multiple Listing Service with our flat-fee MLS Service. We are not traditional real estate agents who ask for a 6% commission from a successful sale. Instead, we charge a small fee for our service, which simplifies marketing your home to thousands of prospective buyers. Additionally, we offer professional advice when navigating FSBO contracts.
What is an FSBO contract?
An FSBO contract lays out all the critical terms and conditions, including how you’ll close the deal, the deadlines you need to meet, and any contingencies that allow for a smooth sale. Whether you’re selling or buying a home for sale by an owner in MN, the responsibility of drafting this document might fall on you. Our flat-fee FSBO MLS listing company is here to help you dot the i’s and cross the t’s. And if you need it, we can connect you with a top-notch real estate attorney.
Must-have items in an FSBO contract
Contingency clauses are necessary in an FSBO contract because they provide a safety net allowing parties to withdraw under specific conditions. These clauses typically cover financing, inspections, appraisals, and the sale of the current home. Essential components of the for sale by owner contract in MN should comprise:
- Confirmation of a clear title
- The full and legal names of all parties involved
- The agreed-upon purchase price
- A defined deadline for the transaction
- Detailed property descriptions
- An outline of closing costs
- Mandatory property disclosures
- A designated area for signatures
Let Real Estate Corners remove the complexity from drafting for sale by owner contracts in MN. Our expertise ensures a seamless process for both buyers and sellers. Contact us at (612) 483-1230 for professional advice and support.
