The contract and disclosures are where a do-it-yourself sale carries the most risk. You are not expected to become a lawyer, but you should understand what you are signing.
The purchase contract
It sets the price, contingencies, deadlines and what happens if someone backs out. Many states have standard forms; some sales use an attorney instead.
Seller disclosures
Most states require sellers to disclose known material defects. What must be disclosed and on what form differs by state.
Other documents
Depending on your home, you may also need lead-based paint disclosures, HOA documents and transfer or tax forms.
When to pay for review
A one-time attorney review of your contract and disclosures is often a small cost against a large sale.
This guide is a working outline. A fuller version with examples is being written.
Where a professional is worth paying
This is the area where professional help is most worth paying for. We provide general education only, not legal advice.
Stay in the loop
Get updates, tips, and news delivered to your inbox.