No. Illinois law does not generally require you to hire a lawyer simply because you are selling your home without a real estate agent. But selling FSBO does not eliminate the legal work involved in selling a home. In fact, when there is no listing agent involved, it can become even more important for a seller to understand who is handling the contract, disclosures, title work, closing documents, deadlines and problems that arise between contract and closing. That is where a real estate attorney comes in. FSBO Means “For Sale By Owner,” Not “Do Everything Yourself” Selling FSBO usually means that the homeowner has decided not to use a traditional…
-
-
Free Chicago FSBO Seller Starter Kit: What to Prepare Before Selling Without an Agent
Chicago-area homeowners selling without a real estate agent can now download the free LoftusLaw Chicago FSBO Seller Starter Kit. The kit includes Illinois disclosure forms, a pre-contract checklist, a plain-English transaction timeline, Chicagoland transfer-tax information, and a worksheet for estimating the seller’s net proceeds. You can download the free kit here: Download the Free Chicago FSBO Seller Starter Kit Finding the Buyer Is Only the Beginning Some homeowners decide to sell without a real estate agent because they already know their buyer. The buyer may be a relative, neighbor, tenant, friend, or someone who approached the owner directly. Other sellers decide to market the property themselves to avoid paying a…
