When you sell your home, there are several important documents you will need to prepare. These documents may vary depending on your location and the specifics of your transaction, but here are some common documents that you should be prepared to provide:
Property disclosure form: This form outlines any known defects or issues with the property, such as leaks, structural problems, or environmental hazards. You may be required to disclose this information to potential buyers.
Title report: A title report provides information about the ownership history of the property and any liens, encumbrances, or other legal issues that could affect the sale.
Purchase agreement: The purchase agreement is the contract between you and the buyer that outlines the terms of the sale, including the purchase price, closing date, and any contingencies or conditions.
Deed: The deed is the legal document that transfers ownership of the property from you to the buyer.
Closing disclosure: The closing disclosure is a document that outlines the final terms of the loan, including the interest rate, closing costs, and monthly payments.
Mortgage payoff statement: If you have a mortgage on the property, you will need to provide a mortgage payoff statement to show the remaining balance on the loan.
Homeowners association (HOA) documents: If your property is part of an HOA, you may need to provide documents such as the bylaws, covenants, and financial statements.
Tax and utility bills: You may need to provide proof that your property taxes and utility bills are paid up to date.
It's important to work closely with your real estate agent and attorney to ensure that you have all of the necessary documents in order and that they are prepared correctly. They can also help you navigate any legal or regulatory requirements that may apply to your transaction.
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