Seller and Buyer must agree to use our Preferred Settlement Attorney for closing. Happy Buying and Selling the FSBO Way.

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1 2714 Virginia Beach Blvd. Virginia Beach, VA Phone: (757) Fax: (757) The Seller and Buyer need to go through the attached packet and fill in the information. Upon completion, you may fax or mail back to FSBO Services. Once we receive the packet, we will coordinate with our Preferred Settlement Attorney the preparation of the purchase agreement and be sure both the seller and buyer understand the terms. The seller and buyer will then sign the purchase agreement. From there, our Staff and Preferred Settlement Attorney will take over. We will get everything ordered to get you to closing. If we need anything along the way, we will call you. Seller and Buyer must agree to use our Preferred Settlement Attorney for closing. Happy Buying and Selling the FSBO Way. 1

2 Assistance Option! For Sale by Owner Services of Virginia We will assist in writing your contract & get you to closing. The Realtors charge 3% for this! We charge $ at closing! First: You Do What You Do Best! WE TAKE THE FEAR OUT OF SELLING YOUR OWN HOME WE WILL BEAT ANY COMPETITOR!! Prepare Your Home for Market (make it as attractive as possible) Advertise it! Show it! And Secure a Buyer (if you can show it - you can sell it!) Then Call us & All You Will Have To Do Is Pack Then: Our Staff and Preferred Settlement Attorney Will Do What They Do Best! Assist in completing all required Sales Documents (agreed by you & buyer) Assist in meeting requirements of Purchase Agreement, as to inspections, reports & other items Assist in handling possible complications, problems, concerns or disputes that may arise Assist in meeting the requirements of the closing agent in connection w/the closing on behalf of Seller & Buyer See that every detail is handled so you don t have to Bring your sale through closing PLEASE NOTE: Seller and Buyer must agree to use our preferred settlement attorney for closing. Your Cost At Closing $475.00; (Your Cost if We Fail to Close $0!) For more info... (757)

3 Assistance Option! HOW DOES IT WORK? If you do not want the hassle of writing the contract and handling all the details of getting to closing day, then all you have to do is: The Seller(s) & Purchaser(s) will Sign the By Owner Closing Assistance (BOCA) Option Agreement & Disclosure of Independent Contractor Status as well as complete the Closing Instructions. The Seller(s) and Purchaser(s) will provide FSBO Services with the necessary information for contract preparation by faxing or ing the BOCA packet to FSBO Services, 2714 Virginia Beach Blvd., Virginia Beach, VA or FAX (757) Upon receipt of the BOCA packet, FSBO Services will arrange a meeting for the purchase agreement/contract to be completed and signed at a designated location. PLEASE NOTE: SELLER AND BUYER MUST AGREE TO USE FSBO SERVICES PREFERRED SETTLEMENT ATTORNEY FOR CLOSING!! FSBO Services & Preferred Settlement Attorney will proceed from there. After all paperwork is signed and a closing date is established, For Sale By Owner Services will monitor the closing on behalf of the Seller(s) and Purchaser(s). For Sale By Owner (FSBO) will keep in contact with the Attorney s office to make sure everything is progressing smoothly and on time. For Sale By Owner Services will also assist the Seller(s) and Purchaser(s) in meeting the requirements of the Purchase Agreement as to inspections, reports, and other such items as may be made a part of the Purchase Agreement. (Please Note: For Sale By Owner Services does not attend the closing. The Preferred Settlement Attorney will conduct the closing.) 3

4 BY OWNER CLOSING ASSISTANCE OPTION AGREEMENT DISCLOSURE of INDEPENDENT CONTRACTOR STATUS THE BELOW SIGNED Seller and Buyer hereby acknowledge disclosure that For Sale By Owner Services will serve in the capacity of INDEPENDENT CONTRACTOR, NOT AS AGENT, in connection with any Purchase Agreement between Seller and Buyer for purchase by Buyer from Seller of real property commonly known as, Virginia. Seller or Buyer or Seller & Buyer hereby agrees to pay the amount of Four Hundred & Seventy Five Dollars ($475.00) to For Sale By Owner Services as payment in full for SERVICES RENDERED as set forth herein below in connection with the above cited Purchase Agreement. SERVICES to be RENDERED The Sales Price and other Terms, Conditions and Considerations having been earlier agreed upon by and between Seller and Buyer, said SERVICES RENDERED by Contractor shall consist of some or all, as determined by Contractor of the following services: 1. To coordinate with Preferred Settlement Attorney the construction and writing of the herein described Purchase Agreement and other documents necessary to bring about the consummation of the above described sale. 2. To assist Seller and Buyer in meeting the requirements of the Purchase Agreement as to inspections, reports, and other such items as may be made a part of the Purchase Agreement. 3. To assist in handling possible complications, problems or concerns that may arise during the closing process. 4. To assist in meeting the requirements of the Settlement Attorney in connection with the closing on behalf of Seller and Buyer. It is understood that For Sale By Owner Services does not attend the actual closing. The Preferred Settlement Attorney will attend and conduct settlement. It is agreed that Contractor shall be paid its fee above at closing and hereby instructs the closing agent to collect said fee on behalf of the Contractor at Closing or Settlement. A $300 Penalty is charged in addition to the ($475 Advertiser or $675 Non-Advertiser fee) if either Party negates this agreement, and decides to use another service. The fee will be immediately due and payable. Parties will be responsible for actual expenses incurred in processing of the transaction (e.g. title abstract, survey). Unless extended in writing through mutual agreement by the parties hereto, this AGREEMENT shall terminate as of 12:01 a.m. on the day of, 200. (to be filled in by FSBO) Seller Date Buyer Date Seller Date Buyer Date For Sale By Owner Services Date 4

5 BY OWNER CLOSING ASSISTANCE AGREEMENT THE PARTIES HERETO ACKNOWLEDGE THAT FSBO SERVICES CANNOT REQUIRE ANY PARTY TO UTILIZE, AND CANNOT RECOMMEND TO ANY PARTY, THE SERVICES OF ANY ONE SPECIFIC COMPANY IN CONNECTION WITH THE PURCHASE, SALE AND/ OR SETTLEMENT OF A DWELLING. THE UNDERSIGNED ARE AWARE OF OTHER COMPANIES OR PERSONS AVAILABLE TO PROVIDE CLOSING, SALE AND/OR SETTLEMENT SERVICES AND HEREBY AGREE THAT THE SPECIFIC COMPANY(S) OR PERSON(S) SET FORTH HEREIN HAVE BEEN SELECTED BY THE UNDERSIGNED, AS AN EXPRESSION OF THEIR DESIRE AND FREE CONSENT, HAVING MADE SUCH A SELECTION BASED ON NUMEROUS FACTORS, AFTER BEING INFORMED OF THIS DISCLOSURE IN WRITING TO EACH OF THEM AND AFTER HAVING FULL KNOWLEDGE OF THE NAMES AND LOCATIONS OF POSSIBLE ALTERNATE CHOICES OF COMPANIES AND/OR PERSONS PROVIDING SIMILAR SERVICES AND THE ESTIMATED FEES AND COSTS THAT THEY WOULD CHARGE. Seller(s) Sign Here: Date: (Spouse): Date: Buyer(s) Sign Here: Date: (Spouse): Date: 5

6 CLOSING INSTRUCTIONS We, the Seller(s) & Buyer(s) understand and are in agreement with the provisions of this By Owner Closing Assistance (BOCA) Agreement. We choose not to retain separate Settlement Agents, as per the terms of the BOCA Agreement plan, & understand that the FSBO Staff and Preferred Settlement Attorney will be acting as a facilitator between Seller & Purchaser with this agreement. We authorize settlement to proceed at (to be filled in by FSBO) by signing below & authorize any lender of ours to accept this executed letter by fax or copy thereof, to send pay-off or financial information to the party so requesting. Seller(s) Sign Here: Spouse: Print Names Here: Social Sec. No.: Social Sec. No.: Buyer(s) Sign Here: Spouse: Print Names Here: Social Sec. No.: Social Sec. No.: CHECK LIST NOTE: This information is provided to assist in prepartion of the Binding Sales Contract. This form is NOT a Binding Contract to purchase the home; however it is a binding contract for hiring our services. A$300 Penalty is charged in addition to the ($475 Advertiser or $675 Non-Advertiser fee) if either Party negates this agreement, and decides to use another service. The fee will be immediately due and payable. Parties will be responsible for actual expenses incurred in processing of the transaction (e.g. title abstract, survey). Complete the Information Below Thoroughly & then Fax to: (757) PRINT INFORMATION ACCURATELY THAT PERTAINS TO YOU: Property Address: Lot/Block: Section: Sbdvsn/Condo: Condo Unit #: Parking Space #: County/City: Street Address:, VA, Zip Code: Circle What Applies: Water Supply: Public / Well Hot Water: Oil / Gas / Electric Sewage Supply: Public / Septic # BR Air Conditioning: Electric / Heat Pump Heating: Oil / Gas / Electric / Heat Pump / other: Seller s Name: FAX #: Seller s Home Address: City, State, Zip Seller s Cell Phone #: Seller s Home Phone #: Work #: Year Home Was Built: Alt. Work Phone #: When did you purchase home?: Owner s Title Insurance: Do you have Homeowner s/condo Association?: Homeowner/Condo Assoc. Phone #: Assoc Fax #: 6

7 CLOSING INSTRUCTIONS Seller s Lender Name: (1 st Trust) Seller s Lender Telephone #: Seller s Lender Account #: Is Seller s Loan an F.H.A. Loan?: Seller s 2 nd Trust Mortgage Co: Loan #: Lender Phone #: Seller s Real Estate Agent (If Applicable): Real Estate Agent s Phone # (If Applicable): Seller Forwarding Address: Buyer s Name: Fax #: Buyer s Address: City, State, Zip Buyer s Cell Phone #: Buyer s Home Phone #: Work Phone #: Alternate Work # (Who?): Buyer s Lender Name: Loan Officer: Buyer s Lender Address: Buyer s Lender Phone #: Lender s Fax #: Buyer s Loan Amount: Type of Loan (circle one) (Conventional / FHA / VA) Buyer s Real Estate Agent (If Applicable): Real Estate Agent s Phone # (If Applicable): What Conveys? Y=Yes, N=No Stove or Range Disposal Ceiling Fan(s), #: Alarm System Cooktop Freezer Washer Intercom Wall Oven(s), #: Window Fan(s), #: Dryer Storage Shed(s), # Refrigerator(s), #: Window A/C Units, #: Furnace Humidifier Garage Opener(s),# w/ ice maker(s), #: Pool, Equip & Cover Electronic Air Filter w/ Remote(s), # Dishwasher Hot tub, Equip & Cover Central Vacuum Playground Equip Built-in Microwave Shades and/or Blinds Water Softener Wood Stove Trash Compactor Window Treatments Exhaust Fan(s) Fireplace screen/door Other Asking Price: Total Selling Price: 7

8 CLOSING INSTRUCTIONS Contract Date: Est. Closing Date: Home Warranty Offered: Yes / No Does the Buyer want a: Home Inspection: Yes / No Radon Test: Yes / No Lead-Based Paint Inspection: Yes / No Contingencies: (circle all that apply) a. Home Buyer s Inspection b. Loan Approval c. Appraisal Meeting Sales Price d. First Right of Refusal e. Other Earnest Money Deposit: $ (Cash/Check) Held By: Attendance at settlement is imperative. Do you foresee circumstances where you won t be present? Please complete this accurately and fax this page (and deed if applicable) immediately to (757) in order for us to get things started. It will help save time and confusion. NOTE: This information is provided to assist in preparation of the Binding Sales Contract. This form is NOT a Binding Contract to purchase the home; however it is binding in contracting our services. ****************************************************************************************** For FSBO Services Use Only! Please Do Not Fill In This Section Date Loan Approved: Contract Date: Closing Date: Are Buyers Moving Do Sellers Have FSBO Seller s Moving: In Prior to Closing: HomeWarranty: Signs: Attorney/Settlement Co: Address: Phone: Contact: Survey By: Ordered: $Pd by Purchaser Phone: Termite By: Ordered: $Pd by Seller Phone: Home Inspections: Ordered: $Pd by Buyer Well Inspect By: Ordered: $Pd by Seller Septic Inspect By: Ordered: $Pd by Seller Phone: 8