Sellers are typically responsible for drawing up a for sale by owner (FSBO) real estate contract.<\/p>\n\n\n\n
However, it’s not as simple as filling out a real estate contract template. Each state has its own laws and requirements regarding contracts. For instance, 10 states require you to hire an attorney to write or review the contract. Forty-one states require you to attach extensive disclosures about your property to your contract.<\/p>\n\n\n\n
Selling without a realtor is undoubtedly a complex process that often trips people up. About 36% of non-traditional sellers say they made legal mistakes during their transaction, and 40% said they didn’t even understand their contract.[3]<\/span><\/p>\n\n\n\n In a typical sale where the seller hires a real estate agent, the agent can help navigate local laws and contract details. If you want an agent’s help with your contract but also want to save money, consider working with a top-ranked, low commission realtor<\/a>. Sometimes, agents can save you around the same amount of money as selling without a realtor.<\/p>\n\n\n\n