CONTRACTS and CLOSING
What does a seller do when a buyer wants to make an offer?!? After market exposure this is the number one concern for an unrepresented seller. We believe that the real estate transaction should be easy, transparent and seamless. Here are some ways we can help.
Assistance Options
If you would like assistance with preparing a purchase and sale agreement and closing the transaction, we can help regardless of whether the buyer has an agent. You can take advantage of our years of experience in residential real estate sales. If you would like us to contact you to explain how this program works and what it costs, just let us know.
Do It Yourself Options
 The Real Estate Napkin™ (for when the buyer does not have an agent)
We have developed an attorney-approved consumer-friendly purchase and sale agreement which we refer to as the Real Estate Napkin™. The Napkin is provided as an exclusive courtesy for use in the private sale of property presently listed with MLS4owners.com. Any other use is strictly prohibited. You may find it useful for the execution of relatively simple transactions in which all parties are ready, willing and able to close a sale. If you are presently listed with MLS4owners.com and do not have a copy of the Napkin, just request one, and we will email you a copy.
The Napkin may be filled in as a computer form or printed out and filled in by hand. Once you have a mutually agreed contract, provide the documents to your chosen escrow provider. They will create escrow instructions to help you close your sale.
Note: Most buyer agents use standardized forms because it protects their rights and is covered by their E&O insurance. It was developed by real estate attorneys working for brokers, REALTOR® Associations and MLS boards. We believe it is the best in the industry for brokers but that many of the terms and conditions are not relevant to contracts between unrepresented parties.
The Fine Print
Even a purchase and sale agreement that is written on a napkin is serious business. You should consult with a real estate attorney before using any document pertaining to your sale. MLS4owners.com is not a party to any real estate transaction, has no agency relationship with sellers or buyers, does not maintain a transaction file, and does not warrant the suitability of any purchase and sale agreement for the parties' intended use. The employees of MLS4owners.com are not attorneys; accordingly they are not permitted to provide legal advice.
|
