FOR SALE BY OWNER RESPONSIBILITIES

Since this type of sale typically does not include a listing broker/agent to advise, guide or direct the Seller regarding the sale of their property, certain responsibilities become the direct duty of the Seller.

• Review the contract of sale, possibly with a competent real estate attorney.
• Outline the contingencies and the time frame allotted for each.
• Home inspection, termite, well, septic, radon, and lead paint inspections if desired by buyer, are at the buyer’s expense, unless negotiated in the contract of sale.
• Seller should be present for inspections.  Buyers will respond in writing as to the results of said inspections and will provide a copy to the Seller.  Should a response be necessary regarding repairs or deficiencies, the Seller will respond in writing to Buyer’s request within the time frame in contract.
• The Seller is responsible for meeting contractors if repairs are needed and providing written receipts or paid work orders from licensed contractors to the Buyers prior to settlement.
• Provide the Buyers with the Homeowner Association documents, if required.
• The Seller may request a copy of the Buyer’s financing approval within the days allotted under the financing contingency.
• The Seller will provide a copy of plat, location survey, deed, owners title policy, and most current tax bill for the property.  All other documentation such as results of lead paint testing that may affect the property should be provided to the Buyer.
• Seller will provide to Buyer’s title attorney current mortgage and lien information.
• Seller may choose to have their attorney at settlement or request a review of their documents prior to settlement.
• The Seller will notify gas, electric, oil, cable, telephone and alarm companies of the change in ownership and provide the numbers to the Buyers so they can transfer service if desired.
• Leave all items that convey with property per contract.  Do not remove lighting fixtures, light bulbs, wall fixtures, shrubs, plantings, and playground equipment unless agreed to in writing by all parties.
• The Buyers expect occupancy at closing unless all parties agree in writing prior to settlement that Seller can occupy beyond the settlement date.
• The Seller will remove all belongings, including: trash and debris in garage, out buildings, yard and leave broom clean or better.
• The Seller will be present for the walk-through inspection unless agreed to otherwise.
• The Seller will bring to settlement all house keys, garage door openers, and warranty information, appliance booklets, etc. that belong to the property.
• The Seller should expect to receive a proceeds check drawn on the Title Company’s Account unless directed otherwise prior to settlement.

NOTE: The above items are not intended to be inclusive but are provided for guidance only.