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Buying or Selling a Home/selling a home FSBO
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Question
My husband and I are considering selling our home by owner... what are the NY state laws regarding this, and where can I find these laws? What is the seller required to have on hand/ perfomr prior to viewing a contract from a potential buyer? Is there a title/ lawyer team in WNY that has special experience in FSBO? Thanks!
Hello Sharon,
Thank you for your question.
If you are selling your home on your own you need to be able to deal with buyers and others who will respond to your advertising. The only person you need to hire is an attorney to handle the closing unless you can write your own contracts.
There are no laws regarding selling your home on your own. New York is still a buyer beware state. It would be good to have a survey and your title report on hand.
The National Association of Realtors says that FSBO's get 27% less for their homes than those listed and sold by Realtors.
Hope this is helpful.
Hans
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Hans Weber, Licensed Broker Associate
Expertise
I am able to answer questions related to buying or selling residential real estate in New York. There are many questions buyers and sellers have about the process of buying or selling a home that they are afraid to ask or that might seem too simple to ask. For instance: in a house, why do some doors open in and some doors open out?
Experience
Licensed real estate agent in New York State in 1988.
Serving buyers and sellers as a full time occupation since 1988 with over 300 successful residential real estate transactions.
Organizations
National Association of Realtors.
Westchester County Board of Realtors.
Education/Credentials
Graduate of Pace University in 1988 majoring in business and minors in taxation and computer science.
Awards and Honors
Consistently one of top sales awarding winning agents for Coldwell Banker in Westchester County.
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