This article was co-authored by Clinton M. Sandvick, JD, PhD. Clinton M. Sandvick worked as a civil litigator in California for over 7 years. He received his JD from the University of Wisconsin-Madison in 1998 and his PhD in American History from the University of Oregon in 2013.
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When you own a home and wish to sell it without the assistance of a realtor, you must write a contract for the sale of the property. This type of contract is commonly referred to a “For Sale by Owner,” or FSBO, contract. It outlines the terms and conditions of the sale in detail, as well as the rights and obligations of both the buyer and seller. By including the proper details and language in your contract, you can write an effective FSBO contract and protect your legal rights related to the sale. Plus, it can save you up to six percent of the property’s selling price by not using a real estate agent.