Hello team -
I'm going to be listing my personal house up for sale by owner and was looking for a PSA to utilize. Wanted to see if anyone here had one? Or knew of where to get one?  Looking to sell then split the funds to another personal home and then the balance for a few investment properties.

thanks!

Any PSA used by a broker is licensed for use by only that broker or brokerage. Try a lawyer if you're going the FSBO route.

Gohar, Are you planning on offering a commission to a buyer's agent? I would recommend that because it broadens your pool of buyers. Also if you do that, the buyer's agent will write up the offer on a PSA and deliver to you. As a seller you don't need a PSA the buyer brings that to you. Let me know if you have any questions.

@Darren McGillvrey

I appreciate the insight here! I did not think of that, rather thought I may get a buyer with no representation in which case I could go the lawyer route or find an agent who would be willing to transact for a fee.

Yes, I do plan to give commission to buyer's agent....will negotiate that as part of each offer.

Am in a strong location and homes have still sold less than 7 days in my neighborhood where they are priced fairly. I plan to do the same....fair price and just save on the listing commission. End up with a $10k to $15k in savings.

Glad to help! I understand why you want to do it, I'm interested to see how the interest in your place could be effected by being a FSBO in market with the COVID concerns. Hopefully not but in your marketing you may want to address it somehow. Also, just remember to disclose, disclose, disclose. Limit your liability.

quick update:  first 24hours, I got tons and tons of buzz.... unfortunately, it was all realtors trying to list the property and offer a discounted commission of 6%!! Some even wanted to "preview" the site in present covid19 conditions.  After I provided candid feedback, they "got another appt" and will find another time. crickets.

Also, lesson learned, should have put in my zillow posting:  "Will pay Buyer's Agent Commission".  Will do this when i update my pricing.  

191 views with 6 saves according to Zillow....pretty good. 

Originally posted by @Gohar Shafiq :

@Darren McGillvrey

I appreciate the insight here! I did not think of that, rather thought I may get a buyer with no representation in which case I could go the lawyer route or find an agent who would be willing to transact for a fee.

Yes, I do plan to give commission to buyer's agent....will negotiate that as part of each offer.

Am in a strong location and homes have still sold less than 7 days in my neighborhood where they are priced fairly. I plan to do the same....fair price and just save on the listing commission. End up with a $10k to $15k in savings.

If your paying a broker for bringing a buyer they will write the contract on the MLS form.. simple

if you sell it yourself just go to the Staples there is a section there that have Stevens Ness forms and get a purchase and sale agreement. cost you a few dollars maybe 5 or so.

@Jay Hinrichs

Thanks for this helpful information! I was also thinking to go through one of those sites for "list on MLS" for $150+ but this is a better strategy.

I may actually go ahead and get the PSA review.

Will also advertise, 1 Yr. Home Warranty, Closing Costs ($5k), and Inspection paid for by Seller if closed to entice first time buyer as they will have almost zero out of pocket except for down payment and a bit of escrow. As an a strategy as well. Especially, if no buyers agent.

Hi folks, sorry - meant to provide an update.

After the home was listed on the MLS via a flat fee service, it became active on Monday @ Noon'ish and the home went under contract/pending on Friday.

Home sold for List Price. w/ $500 towards minor repairs, 1yr home warranty, and 2.5% buyer commission.  Home closed less than 30-days.

As expected, buyer agent created all forms and easy to execute via docusign.

appreciate everyone's support and guidance. 

Now, I'll be closing on my new primary home by end of year and hope to get a minimum of 4 to 10 renal doors in 2021.

OOC - It moved fast, why didn't you list it for more?