For Sale by Owner

Legal Advice and Support for Home Sales by Owner

"FSBO: for sale by owner" has become a common sight in both commercial and residential real estate advertisements in eastern Pennsylvania and South Jersey. Little wonder — since the spread of the real estate credit crisis of 2007, with predictable results for real estate prices, more and more sellers seek to avoid the commissions involved with sales through brokers. At 6 percent for houses and condos and 10 percent for commercial property, the broker's commission can become a major factor in your ability to sell at a profit.

To learn how the advice of an experienced real estate attorney can protect you from unanticipated risk in sale by owner transactions, contact Joseph A. Gembala III, Esq. & Associates for help with your transaction. You'll find that the legal fees involved in your sale are a very small fraction of the commission you would otherwise pay through a broker, while you'll receive the added benefit of sound advice on such matters as the following:

• Negotiation of the terms of the purchase agreement
• Drafting or review of the sales documentation
• Careful analysis of conditions, contingencies and escape clauses to make sure that your purchaser is ready, willing and able to complete the transaction at your price
• Effective remedies in the event of the buyer's inability to complete the transaction for financial or any other reasons
• Practical escrow, reserve or discount solutions to problems relating to repair, inspections or liens that cannot be satisfied or removed
• Title transfer arrangements through a limited power of attorney if you cannot come to Philadelphia or New Jersey for the closing
• Effective drafting of owner-financed sales contracts
• Litigation backup in the event of your buyer's default

For additional information about our ability to protect your profit margin by supporting your sale by owner transaction, contact an experienced Philadelphia real estate lawyer at Joseph A. Gembala III, Esq. & Associates.