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Buying a FSBO home on your own Check the prices of recent comparable home sales to evaluate the asking price. Contact the seller directly to see the home. Decide how much you're willing to pay and what contingencies to include in an offer. Prepare a written offer, and negotiate with the seller.

Get started! Step 1: Prepare your home for sale. Small upgrades and repairs can do a lot to sway potential buyers. ... Step 2: Set a price. Pricing strategy can make or break the selling process. ... Step 3: List your Illinois home. ... Step 4: Show your home. ... Step 5: Negotiate for the best possible price. ... Step 6: Close.

When the listing is signed by an authorized licensee member of the broker's staff or by the broker himself, it becomes a (bilateral) contract, with a 5-day management approval contingency. Broker (or broker's agent) must give the seller a copy of the agreement at the time of signing.

A seller must give a completed disclosure statement to the buyer before they both sign the purchase agreement.

In fact, no agency relationship exists until and unless the buyer or seller and the brokerage company and its associated licensee agree in writing to create a relationship. When must a licensee provide the Disclosure form to a customer or client? The first practical opportunity when "substantial contact" occurs.

When must the seller receive a copy of the listing agreement? The seller must receive a copy of the document at the time the signatures are obtained.