Selling without a realtor in Surprise is a big decision. While it’s not impossible, you’ll probably run into difficulties. It’s important to become well-versed in the for sale by owner legal requirements in Surprise, AZ.
To that end, we’ve created this list of for sale by owner requirements in Surprise, AZ to help guide you throughout the process. It can seem overwhelming to think about all the things you need to do to sell a house on your own. But if you know what to expect ahead of time, you can succeed.
What to Know Before You Dive in
Firstly, you may be wondering whether it’s necessary to hire a real estate attorney if you want to sell your home in Surprise, AZ. State law does not require you to hire an attorney, although it is always a good idea to consult with an attorney when hundreds of thousands of dollars are on the line.
State law allows you to put a “For Sale By Owner” sign on your property, letting people know it is for sale by the owner, and not a realtor. Be ready for lots of phone calls and unexpected visits from potential home scammers, home investors and house flippers. Some of these offers, if accepted, can cost you tens of thousands of dollars. Always make sure that you know the true market value of your home so you aren’t taken advantage of by an unscrupulous homebuyer.
There are also certain documents that are required to be included when you sell your home without a realtor. These are:
- Written agreement that complies with Arizona’s Statute of Frauds
- Seller’s property disclosure statement
- Flood zone statement
- Lead paint disclosure
- Other disclosures unique to your property
- Affidavit stating you complied with the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA)
You will also have to comply with the Fair Housing Act by not engaging in discriminatory practices when selling your home.
Find Out More about Selling Without a Realtor in Surprise
Selling a home without a realtor in Surprise, AZ does have its downside.
Did you know that homes sold by owners sell for 6% less than those sold by a realtor?
You can also open yourself up to liability to the homebuyer if you omit certain details or make errors during the sale. An experienced realtor will know the for sale by owner legal requirements and be able to protect you from liability. It can be helpful to talk to someone who will help you make sure to dot all the I’s and cross all the T’s.
In the end, you can save time and make more money on your home sale by working with an expert realtor in Surprise, AZ. The experienced realtors at Your Home Sold Guaranteed Realty AZ can help you sell your home fast and for top dollar. To get started selling your home today, call us at 623-283-2067 or contact us here. We’re happy to chat with you about your real estate goals and help you make a plan to succeed.