 Posted 4/9/2007 2:11:08 PM
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I just did a "soft-launch" of my property on the market but don't want to go full speed until I can iron out some of the FSBO details.
What would be a ballpark flat fee estimate to have a real estate professional draft a service agreement and facilitate closing if I have already found a buyer?
I asked one guy and he threw out a $2,000 figure and that seemed out of line... There is also the possibility that I didn't frame the question to him correctly.
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Posted 4/9/2007 2:46:47 PM
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HI Jeremiah,
That depends on where you live. Some states require that you use an attorney and others a titile or escrow officer. From reading the posts of those who use an attorney, the ballpark number is around $500.
You can easily and inexpensively get a purchase contract by ordering online from us:
http://www.owners.com/Partners/RealEstateForms.aspx?loc=hp
You can choose the appropriate forms for your state. You simply fill in the blanks.
We also have an article on how to handle the close by state: http://www.owners.com/Tools/Library/ShowArticle/24.aspx
Many of our successful customers said the escrow or title company took care of all the details. Whatever is appropriate for you state, I would call around and learn more. It seems the real estate fellow is charging a lot for a service that can be done for a lot less money. Whatever you decide to do, be sure to shop around and get three estimates for the services.
Good luck!
FSBO Guru
Owners.com
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Posted 5/18/2007 8:50:50 AM
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| When you have an attorney handling your closing, is that something you will have to pay for up front or will his fee come out of the closing costs?
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