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What is included in the process of selling land FSBO?

What do i need to do to prepare for the land to be sold? What i mean by this is legally what paperwork or forms do i have to have filled out or ready for the buyer to fill out? Not just to fulfill my lawful duties but also contracts etc. that are meant to protect my well being financially or otherwise, as well as the buyer. If i find a buyer who wants to finance how does that work in a for sale by owner transaction? Where can i get a hold of these things and will i need instruction from a legal adviser or Realtor or is it pretty straight forward? I live in florida and i'm wanting to sell approximately 10 acres of land located in TN. It previously had a a house on the property that has burned down. Septic, well, light pole, pond, and other perks all still there.

Public Comments

1. You don't need any paperwork or forms. Put up a For Sale sign. You can write a purchase contract on a blank piece of paper. The same as selling a car. If the buyer wants to get a loan, run the other way. There won't be any loans on land. Especially not on 10 acres. They have to pay cash. Ask to see the proof that they have the cash in the bank. If they refuse for any reason, including privacy, smile and walk away. Once you find a buyer, go to the nearest title (escrow) company. They will do everything you need..
2. While you can sell your 10 acres your self there are many issues that should be covered in the purchase agreement. First, you can find generic contracts at any office supply store, but you will need to modify them because you want more than "I agree to sell and you agree to buy." Here's some issues to be addressed; Earnest money deposit - who will hold it? Preferably a title company. Title - what happens if you can't convey insurable title? If the buyer's offer is subject to financing, then the contract should be specific; how much and how long does the buyer have to get a loan commitment? Default - what happens if either party defaults? You're in Florida and the property is in TN, under which state law will the contract be enforced? Closing costs - who will pay what? You might be better off to retain a flat fee agency in TN. In the long run it will be cheaper. realtor.sailor