Do I Need a Lawyer for My Texas FSBO Transaction?

 Posted on July 30, 2024 in Real Estate

For sale by owner (FSBO) transactions are popular in Texas where the law does not state that you need a real estate agent to handle the selling of your home. There are several benefits to an FSBO transaction when you sell your home, though it is important to have the legal guidance of a skilled Texas FSBO real estate attorney to protect your interests throughout this process.

How FSBO Can Benefit You

Deciding to sell your property is a big decision, and you may want to choose an FSBO transaction for many reasons. There are two main benefits to an FSBO transaction, however, and the primary benefit is that you save money on real estate agent fees and commissions. You will still need to pay the buyer’s agent commission, but in cases where you are selling a home directly to a family member, you may not even need to pay this.

Additionally, an FSBO transaction can give you complete control over the selling process. This is beneficial if you know exactly what you want out of selling your home, you are interested in marketing your home yourself, and you know the exact type of offer that you want to receive.

How Can a Lawyer Help With My FSBO Transaction?

While you are not legally obligated to hire a real estate attorney for your FSBO transaction, working with a lawyer is highly recommended. As your FSBO transaction progresses, you may find you need help with any of the following important legal items:

• Negotiating purchase contracts, including negotiating inspections, appraisals, contingencies, closing cost responsibilities, and the timeframes of a purchase contract

• Ensuring disclosures are provided to buyers, something that helps you to meet legal home selling requirements

• Searching titles to ensure that you can transfer your home title without issue

• Closing on the home, including ensuring all paperwork is signed and properly filed

It is also important to note that accidentally violating Texas home selling laws, including disclosure laws, could put you at risk of lawsuits. An experienced FSBO real estate lawyer can help you avoid potential legal complications down the line.

Contact a San Antonio, TX FSBO Real Estate Lawyer

If you are planning to sell your home by yourself, you will benefit from the guidance of a Bexar County, TX FSBO real estate attorney. Geoff Mayfield, Attorney at Law, is highly experienced with all types of real estate transactions, and will work to ensure that your rights and interests are protected as you sell your home.

Call 210-535-0870 for a free consultation.