Agreement of Sale Assistance

The Agreement of Sale is the most necessary and important document of the real estate transaction. This is especially true for FSBO, or For Sale By Owner, transactions. Pennsylvania Real Estate Law states that a contract for the sale of land is only valid if it is in writing. This Agreement of Sale should cover all of the foreseeable contingencies and cover all of the sale or purchase terms. The Agreement of Sale locks in all the duties and obligations of the parties. If you do not cover all of the contingencies, you may be forced to complete a purchase or a sale that you do not wish to complete.

Home Sale Services helps For Sale By Owner homeowners with the Agreement of Sale legal documentation. We ensure your agreement of sale meets Pennslyvania real estate law requirements for these legal documents and processes.

agreement of sale help

When negotiating for sale by owner transactions, some of the principal items covered are:

  • Names of the parties, addresses
  • Purchase price
  • Deposit/security
  • Settlement date
  • Nature of ownership interest to be transferred
  • Zoning classification (MANDATORY)
  • Mortgage contingency
  • Inspection contingencies
    • Structural
    • Sewage, water, radon, termite
    • Lead paint (MANDATORY)

Risk of loss (if there is a fire or other damage between the date of the Agreement and settlement)

  • Default provisions
  • Allocation of real estate taxes and transfer taxes
  • Settlement cost responsibilities and credits
  • Items included or excluded from the sale (i.e., chandeliers, washer/dryer, etc.)

In addition to the above, there can be numerous other contingencies and conditions agreed to, such as:

  • Leaseback to the owner
  • Contingency as to the sale of Buyer’s house
  • Seller take-back mortgage
  • Credit for fuel oil

The terms of the Agreement should be clear and all-inclusive. It should be professionally drawn. Our team of professionals will work directly with you to ensure your FSBO Agreement of Sale is completed accurately and that you are covered for all principle items and other contingencies. All of the agreements drawn by Home Sale Services, Inc. will be reviewed with you by an attorney experienced in Pennsylvania Real Estate Law.

Helping For Sale By Owner (FSBO) Buyers and Sellers with Pennsylvania Real Estate Law Requirements

Home Sale Services, Inc. specializes in assisting “For Sale By Owner” or “FSBO” buyers and sellers with the legal documents and processes required by Pennsylvania Real Estate Law. We believe that selling or buying a home yourself, without realtor representation, should and can be safe. Additionally, in today’s real estate market, you should be able to keep every dollar possible.

Instead of a high percentage of your sales price, we charge a low flat fee of $950 for our FSBO real estate legal services. We are not real estate brokers; we are a company servicing those who wish to sell or purchase a home without the use of real estate brokers, which can save hundreds if not thousands of dollars. We are staffed by attorneys and personnel experienced in the home sale industry. We limit and focus our Pennsylvania Real Estate Law services to the following counties:

  • Montgomery County
  • Chester County
  • Berks County
  • Bucks County
  • Delaware County

Home Sale Services, Inc. will guide you through the paperwork and provide you with a professional drawn Agreement of Sale and the mandatory Seller’s Property Disclosure Statement required by Pennsylvania Real Estate Law for a flat rate of only $950. Having these important documents prepared by us helps remove the risk associated with an FSBO transaction.

FSBO Help | Home Sale Services, Inc | FSBO Legal Assistance

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