Questions Every “For Sale By Owner” should Know the Answers To

Questions FSBO’s should ask themselves…

  • When do I want to be moved and do I know how long it will take to complete all the steps after I have found a buyer?
  • What data have I used to set the price and how much negotiating room have I factored in?
  • Do I know the difference between pre-qualified and pre-approved and what a Conditional Loan Approval letter is?
  • Do I have a copy of the Lead Paint Disclosure,  Illinois Disclosure and Mold Disclosure forms?
  • Do I understand all of the closing costs that I will be expected to pay?
  • Do I know which other environmental disclosures, such as hazardous waste and Superfund sites, that would apply to my situation?
  • Do I have a C.L.U.E. Report available for my buyer’s review?
  • What identification or information will I get from strangers that want to see my home?
  • Am I available to show the home most of the time?
  • Do I know where to run ads and how to word them to get the best response