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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/also-what-happens-when-we-have-an-offer-how-do-30704297.aspx

Subject:  Re: Five day home sale Date:  5/27/2013  10:34 PM
Author:  MetroChick Number:  125405 of 127715

Also, what happens when we have an offer? How do we close the deal?

If you don't know, than you're probably not in a good position to sell your place yourself. Each state has its own laws on what stipulations buyers and sellers must meet in a real estate transaction. Any potential buyer is most likely going to be working with a buyer's agent - a professional who's gone through some kind of real estate course/testing. And if a buyer's agent even bothers with a FSBO, you can't bet if you miss any stipulation you're supposed to complete as the seller, they're going to make sure they can get any money due back to their buyer.
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