Utah Offer to Purchase Real Property with No Broker

State:
Multi-State
Control #:
US-0334BG
Format:
Word; 
Rich Text
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Description

This form is an offer to purchase real property with no broker.

How to fill out Offer To Purchase Real Property With No Broker?

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FAQ

Your three main options to sell a house without a Realtor® include:Sell to a cash buyer.Hire a real estate attorney to facilitate a sale to a known buyer.Handle the sale yourself via For Sale By Owner (FSBO)

List FSBO and sell to a represented buyer: Cover the buyer's agent commission. List with a traditional agent and sell to a represented buyer: Cover both agents' commissions. List with a discount agent and sell to a represented buyer: Cover the buyer's agent commission, but save on the listing commission.

Tips for Homebuying Without an AgentDo Your Research. Find out how much comparable homes have sold for before making an offer.Get Preapproved.Be Ready To Negotiate.Get Title Insurance.Negotiating.Lack of Local Knowledge.Missing Disclosures.Higher Closing Costs.More items...

If you buy a home without an agent, you'll have to negotiate and decide how much to offer on your own. This may cause you to unknowingly overpay for your home or lose out on one you want. When you work with a buyer's agent, they will negotiate on your behalf with the seller and seller's agent.

FSBO sellers who find a buyer without an agent, save an additional 2.60%, the average buyer's agent commission rate in Utah.

The purpose of Section 5 in the REPC is to: Reiterate relationship already established.

A REPC (pronounced REP C) is the Real Estate Purchase Contract. This document outlines the terms and conditions of a purchase of real estate. It lists the buyer(s) and seller(s), agent(s), purchase price, concessions, what comes with the home, deadlines, contingencies and other legal contractual goodies.

If after completion of an appraisal by a licensed appraiser, Buyer receives written notice from the Lender or the appraiser that the Property has appraised for less than the Purchase Price (a Notice of Appraised Value), Buyer may cancel the REPC by providing written notice to Seller (with a copy of the Notice of

You will have to list your house with an Utah state licensed flat fee MLS real estate broker and offer a buyers agent commission but you still retain the right to sell FSBO. Flat fee MLS listings are for hands-on sellers that aren't afraid of learning and getting involved with all aspects of the sale of their homes.

While there is no real "standard" amount of earnest money required, the amount submitted with an offer can have a strong affect on the offer's strength. In Park City Utah, it is typical to see the earnest money at about 1-2% of the purchase price for the property.

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Utah Offer to Purchase Real Property with No Broker