December 21, 2013
The real estate agents perform work with the same kind of paperwork that owners of private properties go through to sell their houses. The only difference is that the owners who sell properties on their own, do not pay huge fees to the real estate agent for processing the papers.
Documents Required For Selling your Home
To sell your home on your own, you will need these documents;
Contract To Purchase
The contract to purchase is a legal paper in which, the buyer and the seller agree on the home sale. This contract contains details of the purchase price, down payment, closing date, inspection, mortgage, and other basic information related to the home. It is the most important document.
Ownership Deeds
These are the documents which were given to you when you purchased the home. These documents show that you own the property and you have the legal right to sell the property. If you have misplaced this document, then you should check the state record office for a copy of your deed. The ownership deed will be necessary to obtain a clear title which you will give to the new owner of the house.
Survey
Valuation survey is the description of the property’s worth in a graphical display. This survey tells about the property’s condition, construction worth, the market rate, neighborhood encroachments or boundaries, and the predicted value of the property after repair.
Transfer and Disclosure Papers
These are the state real estate forms which you will get from the state department of housing. You fill these papers and submit them back to the state department of housing. The department will keep the original copy, and the photocopies will be given to you and the buyer.
The MortgageÂ
The mortgage and tax form contains information about the payment of taxes and mortgages, and the amount of your remaining mortgages. These forms are normally available from the mortgage company, and people in these offices help you in filling these forms.
Documents To Keep After The Sale
After selling the home, you should maintain all the documents and their copies in a file. However, this might be hectic time for some people, therefore, the essential documents include;
A purchase agreement: The document of agreement on legal terms and conditions.
Repair Request: The receipts or documents of repairing the house.
Home Inspection Document: It is the document signed by the government legal inspector in which he admits that he has inspected your house for approval.
Seller Disclosure: These include the list of materials, document of ownership transfer, and the guarantees and warranties documents and receipts.
Pest Inspection:Â Generally the property inspector is followed by a pest inspector, who approves the property to be clear from hygienic problems, mold, or pest presence.
These all are very important for any future claims from the buyer.