As a courtesy to sellers who aren’t using an agent, here is our version (called a Form 17 by the Northwest Multiple Listing Service). Most sellers must complete and sign this form and provide it to any buyer (there are a few narrow exceptions).
Click here for a downloadable .pdf of the Form 17 Seller Disclosure Statement.
Thinking of selling your home yourself and without an agent? Recognize the many challenges ahead. For Sale By Owner (FSBO) sellers have a very long and difficult “to do” list that looks something like this:
- Prepare and stage the home to appeal to the broadest range of buyers
- Create a compelling listing using descriptive copy and professional high definition pictures
- Post the listing to the most popular real estate web sites for maximum internet exposure
- Install a yard sign and prepare high quality flyers
- Install directional signs around the neighborhood for maximum drive-by traffic
- Provide tours and open houses
- Work closely with agents representing interested buyers
- Properly vet potential buyers to maximize the chances of a successful closing.
- Once an offer is received, negotiate the contract
- Address and resolve buyer objections before closing, such as a problem with the inspection or title report.
And with hundreds of thousands of dollars on the line, you want to do each step right. It can be pretty daunting. If you do go this route, almost everyone agrees you should at least hire a lawyer. There are attorneys who focus on FSBO transactions.
Or instead, consider using Added Equity. We don’t use the MLS, in fact we’re the only real estate firm in Seattle that doesn’t. We provide our clients with all of the services of a realtor, like those listed above, to maximize their chances of a successful sale. And since we’re not on the MLS, we don’t offer a buyer’s agent’s commission, so we can sell your home for a mere 2% commission. Total. Not the typical 6%. So you’ll save a ton, just like an FSBO seller, without incurring the time, energy, and risk of an FSBO sale.