Your Home Sold Guaranteed Realty - Nancy Kowalik Group

Avoid These Mistakes When Selling Your Home Without a Realtor in Cherry Hill

Avoid These Mistakes When Selling Your Home Without a Realtor in Cherry Hill

Are you thinking of selling your home in Cherry Hill? Selling your home without a realtor in Cherry Hill can end up costing you valuable time, money and energy. 

Despite for sale by owner homes being fraught with complexities and ripe for costly errors, some homeowners still choose to sell their homes without a realtor.

If you are selling your home without a realtor in Cherry Hill, there are requirements you need to know to ensure that your sale is legally binding.

Avoid These Mistakes When Selling Your Home Without a Realtor in Cherry Hill
FSBO – Selling Your Home Without a Realtor in Cherry Hill, NJ

Quick Guide to Selling Your Home Without a Realtor in Cherry Hill

As a home seller, you have the obligation to disclose major defects or issues with your property. Known as “latent material defects”, major defects can delay the sale of your home or even cause the home buyer to pull out of the sale. More commonly, major defects result in the homebuyer requesting a price reduction. Examples of material issues include:

  • Electrical defects
  • Foundation flaws
  • Roofing issues
  • Environmental concerns
  • Other major defects

Gather These Documents

The next step to selling your home without a realtor in Cherry Hill is to collect all the necessary documents you need to tender a legal sale. These documents can vary depending on the unique circumstances of your property, but generally include:

  • Permits
  • HOA documents
  • Court records
  • Mortgage pay-off
  • Warranties
  • Back title
  • Other documents

Hiring a Real Estate Attorney

Next, you may want to hire a real estate attorney. They can help you assess offers, address issues and ensure that all the necessary paperwork is filed correctly.

Once you’ve received an offer you would like to accept, your attorney will create a for sale by owner contract. This contract lays out the terms of the deal and offers protections and penalties for performance.

Examples of clauses your contract should contain include:

  • Earnest deposit
  • Inspection period
  • Financing contingency
  • Appraisal contingency
  • Clear title
  • Representations
  • Property included and excluded
  • Legal compliance
  • Additional provisions based on your unique circumstances

Execution of Final Documents

New Jersey law also requires that a series of documents be executed before the sale is final. These include:

  • Deed
  • Affidavit of title
  • Foreign Investment in Real Property Tax Act
  • 1099-S
  • GIT/REP forms

Your Home Sold Guaranteed Realty – Nancy Kowalik Group Takes the Stress Out of Selling Your Home

As you can see, selling your home without a realtor in Cherry Hill is extremely complex. An omission or mistake on just one part of the sale can nullify the contract, putting you right back at square one.

There’s a better way to sell real estate. With Your Home Sold Guaranteed Realty – Nancy Kowalik Group, you can rest assured that your real estate transaction will go smoothly. Our experience and expertise in the real estate field means that every “t” is crossed and every “i” is dotted. 

When you want to sell a home right the first time, contact Your Home Sold Guaranteed Realty – Nancy Kowalik Group. Call us at 856-348-5713 or contact us here to get started selling your home in Cherry Hill today. 

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