For Sale By Owner, or FSBO is the process of selling real estate without the representation of a real estate broker or real estate agent.
Homeowners in Missouri may employ the services of marketing or online listing companies or market their own property but do not pay a commission and represent themselves sometimes with the help of a lawyer throughout the sale.
For Sale By Owner Assistance:
Monarch Title Company’s job is to make sure all the paperwork is in order, conduct a title search and order the items needed to transfer property ownership.
The title search is a public records examination of the property’s title. This research determines that the property is clear of liens and is eligible for sale. A title search will uncover issues so they can be resolved before the closing.
Services provided by Monarch Title Company:
We will facilitate the closing on neutral ground. As an impartial service provider, the agency does not work “for” the buyer over the seller, or vice versa. We collect all paper work necessary for both sides, making sure it’s all filled out properly and signed. Having a second set of eyes to look over everything is especially helpful in a by-owner transaction.
The title agency files the closing paperwork with the appropriate government agencies and makes sure the buyer, seller and mortgage lenders all get copies of the closing documents.
Escrow and Notary Services
Title agencies can also act as escrow agents, hold earnest money and disburse funds. They can also provide notary services for document completion.
The important thing to remember is that we are here to help you with your by-owner transaction when you might not have any other real estate professionals assisting you and looking over the contract to make sure everything is in order.