Keeping You On Track As To Your Legal Matters

Some tips to help sell your house on your own

On Behalf of | Oct 14, 2020 | Real Estate Law |

Modern real estate trends include attracting buyers to properties they can upgrade to meet their employer’s work-from-home requirements. Owners who wish to sell their home by themselves may need to attract homebuyers who require open space to combine raising a family and remote working.

Consumers prefer products made of materials free of toxins and harmful chemicals, which includes what goes into a house. As reported by Forbes magazine, attractive real estate provides buyers with an environment that promotes health and well-being. Families searching for homes may want to learn about the area’s parks and recreation, along with the air and water quality.

How may I sell my home without a realtor?

Sophisticated purchasers have turned toward online real estate listings and social media networks. A local realtor, however, may not have the technological skills to provide potential buyers with a comprehensive remote or online “walk-through” of a property.

For-sale-by-owner sellers who can send and receive pictures and videos may gain a competitive advantage over a professional real estate agent. Responding to inquiries during the nights and weekends may also help persuade buyers to make an offer quicker than if they had to wait to communicate during business hours.

What are some documents that may help close a real estate sale?

Oregon’s statutes require a buyer to sign a written offer or purchase agreement before a sale can proceed. A seller must also provide a property disclosure statement revealing any known conditions or defects. A purchase-and-sale agreement may include terms for a down payment or mortgage financing.

The Residential Lead-Based Paint Hazard Reduction Act of 1992 requires sellers to disclose information regarding any known lead-paint hazards. This generally applies to homes constructed prior to 1978. An older property may, however, require additional disclosures related to a potential buyer’s need to make technology-related upgrades.