For Sale By Owner

For Sale By OwnerWhen a property is sold directly by a homeowner without the use of a real estate agent, the situation is referred to as “For Sale by Owner” or “FSBO”. In such instances, there are some things requiring the seller’s personal attention and that the seller will handle many of the details of the transaction. There are numerous websites and books available to assist you with the marketing of the property and determination of the appropriate sales price; therefore, Metropolitan Title does not get involved in those matters. However, Metropolitan Title can assist you by providing information and services needed to help you get to closing. Metropolitan Title, LLC, and our affiliated law firm, The Law Office of James E. Mitchell, III, PLC, can assist you by preparing the contract and processing the necessary paperwork for settlement. The information on our webpage should assist you by explaining the process and what is expected of you, as well as our fees and services provided. Here is some helpful information:

FSBO Checklist

  • Determine appropriate sales price, timeline for settlement, and minimum acceptable price
  • Review local market conditions
  • Assess physical condition of property
  • Determine if any repairs or upgrades are needed
  • Increase curb appeal
  • Declutter and stage property
  • Create marketing plan, including writing a listing ad and taking photos of the property
  • Advertise property through desired methods, including any Open House dates
  • Develop safety and security plan for showing property
  • Create method to obtain feedback from any showings
  • Prepare a negotiation strategy for any offers received
  • Reach out for professional assistance for preparation of contract and settlement services