Selling Your House YourselfSelling your own home will save you commission and fees, but there are trade-offs. You must find out what laws require of you in your area when you sell a house to a buyer.

Minnesota House Selling - St. Louis Park MN Home Buyers: Those who choose to sell their own homes will undoubtedly need to do their homework where the local real estate law is concerned. Forgoing the help of a professional when you conduct a sale of real estate in your area will mean that you must be careful that you are filing the right paperwork with the county and are following the correct timeline with the buyers.

This isn’t impossibly difficult to do, but it has to be done correctly and using the right forms for the transaction to be a legal sale with the transfer of deed to the new owners. You will have obligations to the buyer that should be followed. Each state has its own laws and sets of rules for real estate transactions so be sure you are reading the laws for your own state and county.

In some states there is a mandatory disclosure law. 

In some states there is a mandatory disclosure law. This means that you will be obligated to divulge any flaw you know to be present at your property in a clear and understandable way. The buyer must know what he or she is buying and what repairs will need to be done.

Fair housing is a law that protects people of all races, religions, ages, and other protected categories from being unfairly discriminated against. When someone comes to look at your house for sale, you must not discourage anyone from trying to buy your house. If they believe that you are discriminating against them, they can take steps to report your activity.

In some cases there will be inspections that are necessary for a sale. That might be a termite inspection, a paint inspection to detect any lead paint that may be in the house, or a home inspection by a professional inspector. While the home inspection is not a law, but can be required by your buyer, it is always a good idea to get one anyway. This assures the buyer and you that things are just as they seem in the house and that there are no expensive hidden surprises.

The certificates you will receive to clear the house of lead paint, asbestos, or pests should be available when someone comes to look at the house. If you have had the inspection done before showing it, make the results available for the buyers’ viewing. Contact your county for help if you aren’t sure what the laws may be.

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