For some homeowners, choosing to do a For Sale By Owner (FSBO) sale of their home is a smart choice. Of course, while the financial savings may be significant, a FSBO is also more complicated and time-consuming than most people assume. One of the most important aspects of any FSBO home is ensuring compliance with local, state, and federal real estate regulations. This may be a very tall order for sellers with no experience or understanding of the complex laws involved.
Opening up an escrow account during a FSBO residential purchase agreement is not only convenient; it also protects both the buyer and seller in a For Sale By Owner transaction. New Era Escrow serves as a neutral third party, serving both parties in the transaction. We maintain the accountability and security of all funds and documents in the transaction on behalf of the buyer and seller until all contract conditions are met, at which point escrow is closed and documents and funds change hands.
New Era Escrow has represented many homeowners who have decided to sell their home without the assistance of a real estate agent. You can trust that we will bring our decades of experience and knowledge to the transaction to meet all legal requirements and avoid potential roadblocks. Upon request, we will also help you prepare a real estate written escrow agreement that states what happens to escrow funds if there is a dispute between the seller and buyer. We can also provide a list of local companies that can help with other real estate services, such as title insurance and home inspections.
You can trust in New Era Escrow to handle all aspects of your FSBO closing. We will:
For Sale By Owner transactions can be very complex and it is easy to make a potentially costly mistake without assistance. Count on the FSBO experts at New Era Escrow to guide you through the escrow process and protect both parties throughout the real estate transaction.