Selling a house without a realtor involves preparing prelisting, listing, disclosure, negotiation, and closing paperwork. Legal help can be beneficial.See this section for suggested forms to help your licensees through the property intake procedures on both sides of a sales transaction. A For Sale By Owner contract Illinois must include: 1. The Purchase Price, 2. Illinois Free Letter of Intent ( LOI ) Template. Utilize our Letter of Intent to formally express your desire to buy a product or service. You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. CAPITALIZATION RATE: R in the IRV formula. Consists of the Discount and Effective Tax rates when calculating land income values; consists of the.