"What documents do I need to sell my house?" Selling a home involves a lot of paperwork, so you're going to need to roll up your sleeves and start looking for several important files.
"What documents do I need to sell my house?" First time homeowners often ask this question if they are considering selling. While calling a real estate agent is the first step, it's a good idea to have the necessary documents gathered and ready when the time comes to sell the house. If you are missing any documents, it could slow down or stall the real estate transaction, as you'll have to request missing paperwork from different areas. This list distinguishes what's necessary from what's nice, but not necessary.
Property Deed: The deed is the document that shows the legal ownership of a property. It can be transferred from one owner to another with the sale of the property. It generally shows the size of the property, as well as the square footage of structures on the property.
Property Taxes: The records of property tax are valuable to a potential home buyer to evaluate how much this tax will cost per year, based on the estimated property value.
Title Insurance Policy: This documentation will show evidence of any title insurance, which protects against any problems with a title that are not revealed by a title search.
Title Search Certificate: A title search certificate can further strengthen the appeal of a property by certifying that there are no other claims to the property.
Mortgage Information: Collecting all the mortgage information (including any second mortgage information) will aid in the negotiations because not only will there be correct payoff information included, but it will also assist the real estate agents in transferring money to the proper accounts.
Nice But Not Necessary
Inspection Papers: Any home inspection paperwork will be provided to show the structural integrity of the home. While a potential home buyer should arrange for an independent inspection, it will help in the sale of the home to show any previous inspection results.
Warranty Paperwork: Any appliances under warranty that will be sold with the house should include paperwork describing the details and contact information for any service agreements.
Utility Bills: To give prospective home owners an idea of what the utilities cost for the property, copies of utility bills will provide accurate numbers to help determine a monthly budget.
There are both advantages and disadvantages to selling your own home and it isn't difficult to learn how to sell your own home, either. Number one on the list of advantages is saving money by avoiding real estate commission fees. Among the disadvantages are paying out of pocket for advertising costs, pricing your home too high or too low, and not being able to devote enough time to the house-selling process.
Hiring home inspectors has advantages for both home buyers and home sellers. Home sellers that hire a home inspector can be proactive about making the repairs necessary to help their homes sell more quickly. Home buyers can feel confident that the home they buy is not in need of any major or minor structural work.
As with many other things in life, there's more to choosing a real estate agent than meets the eye, and while you adore your sister-in-law, her Aunt Clara who sells real estate two towns over may not be the best real estate agent for you. Here's what you need to know about choosing a real estate agent to sell your home.
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