The idea of selling without a realtor in Naples may be appealing to some home sellers who believe they will save money on a realtor’s commission.
While for-sale-by-owner homes save on a realtor’s commission, they have also been shown to sell for 6% less than homes that are sold by a realtor. Plus, mistakes and omissions in the legal requirements for sale can put the home seller in danger of personal liability in the thousands or even void the sale of the home entirely. The best course of action when selling a home is to have a trusted real estate expert by your side throughout the process.
If you’re considering selling without a realtor in Naples, there is some important information that can help guide you through the process.
Here we break down the legal requirements of selling without a realtor in Naples.
Disclosure of All Material Facts
Like many states, Florida requires home sellers to disclose all material facts about the property. Material facts are those that would affect the homebuyer’s desire to buy or how much they are willing to pay. Florida goes one step further, requiring that homeowners disclose all material facts they know or should have known. That means that issues with your home that should have been discovered during routine inspections or common sense also have to be disclosed to the homebuyer.
Contract for Sale
There are two different types of contracts you can use when you sell. The Residential Contract for Sale and Purchase or the “AS IS” Residential Contract for Sale and Purchase. The latter is for properties that are being sold “as is.” It releases the home seller from making repairs on the property.
These contracts must be both precise and comprehensive – no detail can be left to chance. Examples of topics that are covered include, but are not limited to:
- Personal property
- Financing contingency
- Closing date
- Title and survey
Additional Documents Required for a Valid Sale
In addition to the contract for sale, the following documents are required for all Naples, FL real estate sales:
- Two forms of ID
- Copy of purchase agreement and addendums
- Closing statement
- Signed deed
- Bill of sale
- Affidavit of Title
- Other pertinent documents that are unique to your circumstances such as loan payoff information and HOA information
Beware Additional Costs of Selling Without a Realtor in Naples
You should also be aware that there are additional costs associated with selling your home that you may not have budgeted for. These include:
- Title insurance
- Cost to cure any title or survey defects
- Governmental costs
- Non-governmental costs
- Seller’s attorneys’ fees
- Other costs
Sell Your Home Fast and For Top Dollar With Your Home Sold Guaranteed Realty – The Cachon Team
At Your Home Sold Guaranteed Realty – The Cachon Team, we sell homes fast and for top dollar. Let us help you sell your home for 6% more than if you sell the home yourself. Call us today at (239) 399-5432, contact us here or fill out the form below for an immediate response.