THE FSBO PRESENTATION - WHAT WE DO

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We will be working in cooperative and non-adversarial role as a transaction broker: This means that we provide non-fiduciary real estate services without entering into an agency relationship. We are honest to all parties, provide full disclosure of known adverse material facts and have no material interest in the property. We will not disclose price, terms or motivation or any confidential information of either party. 

We will need the following information prior to us writing the contracts as these items are in the contract. There will be a few other questions, but this will get us started. SEE THE DOWNLOADABLE  PAGE IN THE NEXT SECTION

1) We will need contact information of all the parties, seller and buyers. Full names, Email addresses, phone numbers. ( Both husbands and wives) 

2) Come to an agreement on price with your Buyer.  Agree to the earnest money. This is money that the Buyer will lose if they back out of the contract for no valid reason. This money will be credited to the Buyer at closing.

3) Confirm Your Buyers have a prequalification or a preapproval letter, or for a cash buyer a proof of funds letter. This is not required but this helps you make sure you are comfortable with Buyer's ability to complete the transaction before agreeing to sell it to them. 

4) Discuss whether the Buyer or Seller  is going to have an inspection done, or is the Buyer waiving inspections altogether. We would need to know if an inspection is going to be carried out or waived prior as it’s in the contract. As a FSBO the Seller and/ or Buyer will need to schedule and attend this as we don’t have keys.

5) Discuss whether the Buyer or if taking out a loan as the Buyer’s bank will need to have an appraisal done. The Buyer may waive an appraisal, however, if the house does not appraise at the purchase price is the Buyer willing to come up with cash to cover the difference between the appraised value and the higher purchase price. again we would need to know if the Buyer is waiving  any part of the appraisal as it’s in the contract. As a FSBO the Seller and/ or Buyer will need to schedule and attend this as we don’t have keys.

7) Agree to a date for you and your Buyer to close, generally a month is sufficient. 

8) You will need to agree who is paying Atomic Realty, the $599 and 1%. The seller, the buyer or split in some fashion. $599 collected is at the time of writing the contract and 1% at closing.