Selling your property "By Owner" may seem like a good option. But before you get yourself into something you are not familiar with, see if you can answer these 11 questions before you put a sign in your yard.

1. For Sale By Owner?
You May Think Selling
Your home is easy
See if you can answer these 11 questions,
You May Think Again

2. Earnest Money
#1 What is Earnest
Money, what is an
appropriate amount,
and what is it used for?

3. Buyer Default
#2 If the Buyer
defaults, what happens
to the Earnest Money?
or
Did the Buyer
default, or just
change their mind?

4. Seller Disclosures
• #3 Since you are selling “By Owner” what
disclosures do you have to make?

5. AS IS (as is what?)
#4 What does the term
“AS IS” mean to you
and how does it apply
to your transaction?

6. Buyer Remorse
• #5 What if your Buyer suddenly gets a case of
“Buyer Remorse’ and changes their mind? What do
you do?

7. Fees
#6 Who is going to
pay for:
Title Insurance
Escrow Fees
Inspections
City and or County Tax

8. Material Defect
• #7 Define a “Material Defect” and how it is going to
apply to your transaction?

9. Buyer Credit
• #8 A Buyer makes an offer over the asking price,
but wants the amount returned in the form of a
credit. What Happens?

10. Liquidated
Damages
#9 How do you
include “Liquidated
Damages’ in the
purchase contract?
•How would it apply
and be enforced?

11. Multiple Offers
• #10 If you receive several offers, how do you issue
a counter offer and accept only one?

12. Escrow
#11 Think the Escrow
Company will be there to
help you through these
issues?
Escrow serves to
carryout the terms you
have agreed to, not
correct your mistakes

13. Have Your Lawyer
Call Mine
(bonus question – extra
credit)
Guess which State has a
reputation as being one
of the most Litigious in
the Nation?
How many court cases
are related to Real Estate
?

14. Don’t Stay Awake
and Worry
Call Doug & Deena Willis
RE/MAX Property Concierge
266 Monterey Rd
South Pasadena, CA 91030
Phone 626-432-4615
CA BRE License #’s 01334541 & 01354143

15. RE/MAX Property
Concierge
Pasadena, South
Pasadena &
Altadena
Deena & Doug Willis