FSBO Services
Lakefront Title is here to help you with your for sale by owner (FSBO) property. Selling by owner helps you avoid paying a realtor commission, but you may or may not know that you still need a title company to help with closing services and title insurance. We will help you navigate selling your own home from start to finish.
For Sale By Owner Services
If you sell your property without a realtor in Wisconsin, it can be intimidating to determine what comes next. Lakefront Title can help make sure you have a seamless closing and the proper title insurance for peace of mind. We will guide you through the next steps and make sure all the details of your sale are managed in a timely manner.
Our FSBO services may include:
- Communication with buyer and seller to schedule a closing time and location
- Facilitating seller pre-signing documents at a location of their choice if desired to avoid attending closing
- Closing statement preparation
- Calculating and paying pro-rated taxes, HOA, and special assessment fees
- Drafting the deed and transfer tax form
- Calculating mortgage payoffs
- Obtaining Homeowners/Condo Association documents
- Calculating any outstanding bills (i.e., electrical repair, plumbing, painting)
- Providing an Owners’ Policy and Gap coverage
- Handling the disbursement of all funds at closing
- Facilitating the recording of all documents pertaining to the transaction
Steps for Selling by Owner
Accept the Offer
Complete and sign all paperwork to accept your offer. Schedule any inspections, repairs or other details to satisfy your sale. Keep in mind that it usually takes 30-90 days to close your sale after accepting the offer. Contact us with questions or order your closing service and we’ll get you a very accurate quote of all your fees.
Schedule a Closing Date
Talk with the buyers or their agent and Lakefront Title to schedule a tentative closing date and location that works for everyone. You can also determine at this time if you want to be present for the closing or pre-sign ahead of the closing so you don’t need to attend.
Title Research Begins
While an escrow account holds the earnest money in case the deal falls through, Lakefront Title really gets to work. We thoroughly research the title of the property and identify any ownership issues such as liens, contested property claims, etc.
Communicate with Lender
If your buyer is using a lender, Lakefront Title will get them copies of the financial documents needed for a successful closing.
Final Walk-Through
Before the closing (many times on the actual day of the closing) the buyer typically does a final walk-through of your property to confirm it’s condition and that all required repairs and upgrades are complete.
Close Your Sale
Lakefront Title will conduct the closing and confirm that all payments are disbursed accordingly.
Request closing services today!
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N16W23217 Stone Ridge Drive
Suite 130
Waukesha, WI 53188
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