For Sale By Owner
FSBO: Selling Your Own Home in Wisconsin
Schmidt & Schmidt, S.C. — Wausau, Wisconsin
Putting your home, business or undeveloped land on the market on a “for sale by owner” basis can save you thousands, and sometimes tens of thousands of dollars. By taking the real estate agent’s commission off of your bottom line you can probably sell your property when there is little equity in it or when you are reasonably certain you have the skills to do all of the leg work necessary.
In today’s real estate market, FSBO transactions are becoming more common and more attractive to sellers every year. When handled properly, the benefits are clear. There are, however, very dangerous pitfalls. By enlisting the help of an experienced real estate lawyer, you can avoid these pitfalls, protect your assets and still save thousands in the process.
While using a licensed real estate professional can be a god send – legally and financially – there are times when it is financially logical to sell the real estate on you own. Also, when the seller is skilled at the various aspects of marketing their own property the profits can be very rewarding. The costs of having a real estate attorney on your side are miniscule compared to the costs of not properly completing the real estate transaction by yourself.
Real Estate Advice You Can Trust
At Schmidt & Schmidt, we know the North Central Wisconsin real estate market very well and have been helping property owners in this area conduct real estate transactions safely for almost 90 years. If you’re considering a “for sale by owner” transaction, our firm can provide you with knowledgeable advice and honest representation regarding issues that involve:
- Surveying requirements
- Real Estate disclosure requirements
- Evaluating prospective offers
- Dealing with first time home buyers
- Earnest money
- Escrow accounts
- Home inspections
- Evaluating mortgage or leasing options
- Title issues or title insurance
- Breach of contract disputes
- Deed, Land Contract and Mortgage documents
Our lawyers can save you hassle, time and perhaps lots of money by offering time tested advise and service. Real Estate forms, contracts and documents downloaded off of the Internet can help you to deal with some, but probably not all, of the issues that can arise. However, with hundreds of thousands of dollars at risk, seeking out the advice and assistance of a real estate attorney only makes good sense. Our firm can provide you with guidance you can depend on to conduct your transaction smoothly and, more important, safely too.
High-Quality Representation at an Affordable Cost
Call Our Wausau Office at (866) 514-1627
To discuss a potential “for sale by owner” property transaction with our attorney — call or contact us today and schedule a consultation. Weekend and evening times are available by appointment. We can also meet with you in your home, in a health care facility or in another setting, if necessary. Major credit cards are accepted.