With the current housing market in the state it’s in, home sellers are trying to get the most profit out of their homes. Often this means forgoing a real estate agent and doing a For Sale By Owner (called a FSBO, and pronounced fizz-bo).
You certainly don’t need a real estate agent to sell your home, but you must comply with Kentucky real estate law if you sell your Kentucky home. The laws are different in every state, so it is best to have your ducks in a row. Often this will mean consulting with an attorney who specializes in real estate law.
Some of the key things you will want to have covered are things such as zoning regulations and warranties, many of which are obscure, but still necessary. You want to make sure you are protected during the sales procedure and after you sell your home. A smaller dwelling may have fewer challenges when sold as a FSBO than a larger property, but even simple tracts of land without buildings can be complicated to sell, so be prepared.
If you choose not to have a real estate agent represent you in the sale of your home, it is important to do some research. A great place to start is the Internet. There are many places, like ForSaleByOwner.com and FSBO.com that can give you general information which will help you ask better questions when consulting with a real estate attorney.
Consulting with a real estate attorney protects you down the road. For example, if your home buyer discovers the property line is different than what you represented it to be when you sold your house, your real estate attorney can help protect you from the issues that may arise.
Real estate agents are only as good as their experience. Anyone can be a real estate agent, as there is little training necessary to become a licensed agent.
But real estate lawyers have years of school behind them, and often have resources, such as law partners to consult with. Even if you employ the services of a real estate agent, it is wise to also consult an attorney. It’s your home, you should make sure it’s protected.