4 essentials on your closing checklist that prevent an FSBO nightmare

You can never count on someone else's seemingly good intentions
  • On June 1, Tamara Holloway went to move into her new Nashville home only to find that the seller hadn't moved out. The seller, Justin McCrory, who listed his home as an FSBO, said he "technically [didn't] have to go anywhere."
  • Holloway used an agent, but her story is a cautionary tale about the woes of buying an FSBO home.
  • If your client buys an FSBO home, make sure you have the date of possession listed in the contract and get the keys before or on the day of the date listed. Also, do a final walkthrough and set a penalty fee for each day the seller stays in the house after the date of possession.

On June 1, Tamara Holloway’s homebuying fairy tale turned into a cautionary tale when she discovered that the seller of her new home in Nashville hadn’t moved out and had no plans of doing so.