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 can employ the services of marketing or online listing companies or market their property themselves, but they do not pay a commission. They 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 search determines if the property is clear of liens and eligible for sale. A title search will uncover issues, so they can be resolved before the closing.
Services provided by Monarch Title Company:
Monarch Title Company will facilitate the closing on neutral ground. As an impartial service provider. The title agency does not work for the buyer over the seller or vice versa. We collect all the paperwork necessary for both sides, making sure it’s filled out properly and signed. Having a second set of eyes looking 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.