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First time FSBO, who do I need to hire?

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First time FSBO, who do I need to hire?

Old 05-08-2021, 09:34 AM
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Default First time FSBO, who do I need to hire?

I am planning to list my home for sale by around July 1, however between now and then I am open to selling it FSBO. I've only sold one home and it was not 'by owner' so I'm not sure who I need to hire to handle the contract/closing if it sells before it's listed with a realtor.

I assume I need a real estate attorney. Do they handle closing or would I need to hire a title company (or someone else) to handle the closing?

If anyone is looking for a really nice house with an amazing detached garage/workshop in the west Sanford/Heathrow/Lake Mary area, I'm open to offers. The realtor and appraiser I worked with indicated as of this week the asking price should be $650K with the expectation there would be multiple above asking offers. I'm willing to discount that $650K if I sign a deal before it gets listed with the realtor at the end of June.

Thanks.

599 Milano Ct, Sanford, FL, 32771

Main House

2923 Sq Ft living area

4 BR, 3BA

3 car garage, 27 ft deep

Plantation Shutters

Engineered wood floors

New kitchen

Remodeled master bathroom

Remodeled secondary bathrooms

New roof in Nov 2014

R30 Cellulose insulation added to attic Feb 2020

New water heater April 2021

New swimming pool pump/filter/saltwater-chlorinator/valves April 2020

Dedicated home theater in bonus room above garage

Separate HVAC for bonus room above garage



Detached Garage/Workshop

2432 Total Sq ft

CO April 2015 (Built to 2010 Florida Code – 139 MPH wind rated)

1100 sq ft air conditioned space

Full bathroom (tank-less water heater)

Extremely well insulated: R38 insulation in attic, CBS exterior walls with 2x4 stud walls on inside of exterior walls with R13 insulation

28’x32’ air conditioned room (Great for hobbies or home business)

10’x14’ air conditioned room (Great for hobbies or home business)

30’ deep parking spot with 12’ wide x 8.5’ tall door (boat)

27’ deep parking spot with 10’ wide x 8.5’ tall door (full size full ton pickup)

The interior wall separating the ‘wood shop’ from the garage is non structural and could be removed to provide 40’ deep parking

Because of county zoning regulations the detached garage/workshop cannot be a ‘dwelling’

Garage/Driveway parking space for 12+ cars

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123" front projection screen to give size perspective. Wide angle lens makes it look small.
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This is what the 28x32 train/hobby room will look like after I deconstruct the model train and have the walls refinished/painted.

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Detached garage

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'Wood shop' area in the detached garage.

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Last edited by Onewolf; 05-08-2021 at 02:10 PM.
Old 05-08-2021, 09:41 AM
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I don’t know who you need to contact, sorry. But wow! What a beautiful home! Absolutely gorgeous.
Old 05-08-2021, 09:45 AM
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my first thought was...............


















the trains!
Old 05-08-2021, 09:51 AM
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Really nice home and in mint shape. In this market that house should sell itself.
Old 05-08-2021, 09:52 AM
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Originally Posted by cfarmd View Post
my first thought was...............














the trains!
Deconstruction of the train layout was started last week. I am saving all the turnouts, flex track, electronics, structures, and I plan to keep most/all the open grid benchwork since lumber is now worth it's weight in gold.



Old 05-08-2021, 09:53 AM
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Originally Posted by Onewolf View Post
Deconstruction of the train layout was started last week. I am saving all the turnouts, flex track, electronics, structures, and I plan to keep most/all the open grid benchwork since lumber is now worth it's weight in gold.


watching you build all that...it breaks MY heart to see it torn down!
Old 05-08-2021, 09:57 AM
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Just get a flat fee realtor to place it on the MLS and be prepared to show it yourself. If you find someone that wants to deal, get a good RE attorney to do the paperwork. As long as there isn't something funky with the title / land, etc. it should be easy.
Old 05-08-2021, 09:59 AM
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Originally Posted by cfarmd View Post
watching you build all that...it breaks MY heart to see it torn down!
The good news is that the next house will have unfinished basement space for a larger layout if I desire. The bad news is that right now is NOT the time to be talking to builders about building a house. I was thinking I would be in an apartment for maybe a year, but now it's sounding like possibly 2+ years in 'temp' housing.
Old 05-08-2021, 10:01 AM
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Originally Posted by TonyStark View Post
Just get a flat fee realtor to place it on the MLS and be prepared to show it yourself. If you find someone that wants to deal, get a good RE attorney to do the paperwork. As long as there isn't something funky with the title / land, etc. it should be easy.
Thanks for the info. What's a good way to find a 'good' real estate attorney? I assume asking the realtor I've been talking to would be bad form. :O
Old 05-08-2021, 11:22 AM
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Put it on the MLS for $500. Offer 2% to buyers agents. You will get multiple offers. The real estate agent of the buyers will have a good title company they use. I sold mine this way last year in FL. Title agency charged me $800 to do the whole thing. Was very easy.
Old 05-08-2021, 11:41 AM
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Why a real estate attorney? Your local title company will handle the necessary legally required paperwork and the closing.

Contact the title company that was used when you bought the house. They can also save you money on title insurance if you can produce the title policy that was issued originally.

They will/should also review the offers that will come to you for anything inappropriate. At least mine has over the years.

Offer the buyers broker 2% for bringing a buyer as well as producing a written offer. In Florida it is a standard 12 page form. They make an easy $12k as you will be showing the house. IN this market, it will sell quickly and without a lot of fanfare.

Such a shame to see the tracks come down. I never made it there with the grandkids to see all of that......
Old 05-08-2021, 11:42 AM
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I'm always telling people that they can sell their house themselves if they want to. However, in my professional opinion... you might want to include the address of the property for sale.

Just do a local search for real estate attorneys or title offices and stop by a couple offices and tell them you want to FSBO. They'll be handholding you through the process so build that relationship up front. You'll be worth somewhere between $750-2k to them. For that, I would expect them to be polite, answer your questions for 10 mins, and email you a blank FAR/BAR contract. The next time you should see them is when you bring that contract back with a buyer. If you still have your paperwork from your purchase, and had no complaints with the outfit that handled the transaction - start with them.

Last edited by Flot; 05-08-2021 at 11:48 AM.
Old 05-08-2021, 11:46 AM
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imo title company is a must
Old 05-08-2021, 11:53 AM
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Originally Posted by triumphrick View Post
Why a real estate attorney? Your local title company will handle the necessary legally required paperwork and the closing.
This ^^ I don't know why everyone assumes you need a realtor or lawyer to do a real-estate sale. I've done MANY sales on my own through a title company and they do everything except for the marketing and getting a signed sale contract.

Going through a transaction right now and the buyer insists on getting their lawyer involved, going through so much non-sense stuff right now with the sale and thinking their lawyer is just milking them for anything they can think of, not coming out my pocket.
Old 05-08-2021, 12:28 PM
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I don’t understand the need for attorney either. The burden of pretty much everything is on the buyer. Just offer 2-3% for buyers agent and make sure they use the standard contract for your area. Request they use your preferred title company to close. Take a 1% deposit with 21 day inspection period and 45 to close.

You don’t need MLS right now. I know several people trying to buy houses right now and they are all checking Zillow 5x a day then sending the listings to their agent. Totally up to you but I’d demand all showings are done by licensed agents. They have rules to follow. You don’t want every TDH walking through your house as they please.
Old 05-08-2021, 12:34 PM
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Originally Posted by Flot View Post
I'm always telling people that they can sell their house themselves if they want to. However, in my professional opinion... you might want to include the address of the property for sale.
Yes, address might help.

599 Milano Ct, Sanford, FL, 32771

It sounds like a good title company may be all I absolutely need.

Thanks for all the comments/information.
Old 05-08-2021, 12:58 PM
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Originally Posted by Onewolf View Post
The good news is that the next house will have unfinished basement space for a larger layout if I desire. The bad news is that right now is NOT the time to be talking to builders about building a house. I was thinking I would be in an apartment for maybe a year, but now it's sounding like possibly 2+ years in 'temp' housing.
Will miss the updates on the great train layout.
I am following these threads as I try to get a Texas residence ready for the market.
Old 05-08-2021, 01:58 PM
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Originally Posted by Onewolf View Post
Y
It sounds like a good title company may be all I absolutely need.
Yup, that's all you really need. Bring the buyer to the table and they will take care of everything else.

My last deal cost me $276 for closing fees and $450 for a title search. In the state that I'm doing this transaction in(Minnesota), the buyer is responsible for all of the closing costs. It varies state to state. In Florida its customary for the seller to pay them all.
Old 05-08-2021, 03:01 PM
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Originally Posted by king_me View Post
It varies state to state. In Florida its customary for the seller to pay them all.
This is not true. We just closed in March, in Florida. There are customary buyer and seller costs. But either are negotiable.
Old 05-08-2021, 03:44 PM
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Originally Posted by triumphrick View Post
This is not true. We just closed in March, in Florida. There are customary buyer and seller costs. But either are negotiable.
I sold one last year and another this year in Palm Beach County, FL, I paid all of the closing costs on both. Went through a relator for both and no negotiating was ever mentioned, maybe my mistake for not asking.

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