No, you don't need a lawyer to sell a house in New York, but it's a good idea to hire one, especially for those who sell without a real estate agent. There are a lot of legal documents to complete and submit, and a real estate attorney will make sure you're covered. You'll need to list your home with a New York State licensed flat-rate MLS real estate agent and offer a buyer agent commission, but you still retain the right to sell FSBO. Selling your home without a real estate agent is similar to selling your home with a real estate agent, except you don't have a full-service expert to advise you from start to finish.
Having an inspector examine your home will ensure that you have a clear understanding of the condition of your home and that you are given the opportunity to make necessary repairs before selling it. However, the process of selling a home without hiring an agent differs mainly in the listing phase. Usually, if you want to sell your home, one of the first things you need to do is contact a real estate agent or brokerage agency to get your house listed. Known as “for sale by owner, or FSBO, selling a home without a real estate agent takes time, ambition and drive,” says Sissy Lappin, a Houston-based real estate agent and author of “Simple And Sold, a guide for FSBO sellers.
Before you choose to list on your own, read below for tips on how to sell your home without a real estate agent and the potential risks of going down this path. A smaller pool of potential buyers means less demand for your property, which can translate into waiting longer to sell your home and possibly not receiving as much money as the value of your home. If you've decided to sell your home on your own, you should seriously consider opting for a New York flat-rate MLS listed company instead of going 100% for the FSBO. One of the main benefits of using the MLS is that it exposes your home to local buyers who are working with real estate agents to find a home.
He actively writes about real estate topics, such as buying and selling homes, how-to guides for the home, and recommendations for household products. Managing the logistics of selling a home can be a challenge if you're also juggling a career and taking children back and forth to soccer practice. Homeowners wondering how to sell a home per owner should understand that it's a learning process. You don't need to hire a lawyer to sell your home on your own, says Mark Cianciulli, lawyer and real estate agent for the CREM Group in Los Angeles.