Starting the project of homes for sale by owner or FBSO is not more technical than its closing. The reason is the involvement of the paperwork and documentation in the process. You may find it easy to sale and purchase properties but in reality it involves lots of technicalities which can become more difficult for you when you do not involve a property agent in the sale process.

However, as a general rule of thumb, you must cooperate with the inspector and lender’s appraiser, provide legal documents to the buyer, his attorney at law, his agent and other professionals being involved in the process, starting the mortgage payoff process after contacting your lender and making arrangements to move out of the property, all eight weeks prior the closing date of the sale deed.

The paperwork and documentation process start as soon as you accept the buyer’s offer on your property. You must mentally get ready, instantly, to handle documents such as;

  1. Related legal documents for estate and financial planning
  2. Lien, loan and mortgage documents
  3. Insurance documents
  4. Property records to ensure the title
  5. Receipts, building permits and property records for the appraiser
  6. Disclosures as per the requirements of your municipality and state
  7. Other relevant documents

Remember that you have to put your energy, attention and time in selling a home on your own without the involvement of a property agent. Therefore, do not hesitate in seeking any kind of professional help during the documentation process to close the sale deed of your house. For example, hiring the services of an accountant to evaluate the financial status of your property, an appraiser to determine the current condition of the house and an attorney to complete the documentation process for your real estate is not a bad idea.