When going the FSBO route (For Sale By Owner) you as a homeowner should know that when a potential buyer offers you a contract to buy your house, you could get in legal hot water. There are some things you should know here to keep you out of trouble.

Buyers and sellers have an attorney review period to amend or cancel the offer. Unless you are an attorney you may not understand all the details of a purchase offer prepared by the buyer's attorney. Consequently, you could be agreeing to some conditions that may not be acceptable to you. For example, the buyer might make the sale conditional on the sale of another property. You way want to close the sale quickly because you've got a committment on another property.

The best path is to hire an experienced real estate attorney and have him or her review any purchase offers you receive from potential buyers. The attorney can explain details that may be hard for the layman to understand. The attorney can outline all the risks involved in accepting the purchase offer. Then you can make your own business decision whether you wish to accept or reject the terms of the offer.