Let’s Talk About Preparing Home Sale Documents

Hey there, future seller! So you’re ready to put your house on the market and officially move on to the next chapter. How exciting! But, before the ‘SOLD’ sign goes up, there’s some nitty-gritty paperwork that needs your attention. Don’t worry, I promise we’re going to make this as painless as possible. Let’s dive into all the must-have documents you’ll need to prepare for selling your home. Ready? Let’s go!

The Documents You Absolutely Need

1. Property Deed

First things first, you’ll need the property deed. This crucial paper proves you own the home you’re about to sell. Think of it as your home’s birth certificate. If you’ve misplaced it, don’t panic! You can usually get a copy from your local county recorder’s office, though there might be a small fee.

2. Mortgage Information

Next up, gather all documents related to your mortgage, including the payoff amount. Your buyer’s going to want to know what kind of debt follows the property. It’s also a good idea to get a mortgage payoff statement from your lender to know exactly where you stand financially.

3. Past Utility Bills

Potential buyers often want to know how much they can expect to pay for utilities. Dig out the old bills for your electricity, water, gas, and any other utilities you may have. Try to find at least 6 months’ worth so buyers can get a full picture of what they’re getting into.

Disclosure Statements

4. Seller’s Disclosure

This is the big one. A seller’s disclosure form is where you’ll outline any known issues with the property. Did you have a roof leak three years ago? Mention it. Is there a creaky floorboard that never seems to quit? Spill the beans. Being upfront about these things can save you a lot of headache down the line.

5. HOA Documents (if applicable)

If your home is part of a Homeowners Association, you’ll need to provide the HOA documents outlining all rules, regulations, and fees. This helps the buyer know what they’re getting into and any potential additional costs.

Inspection and Repair Stuff

6. Home Inspection Reports

If you’ve had any inspections done, like a termite or general home inspection, have those reports ready. Even if the results were less than stellar, it’s best to be upfront about them. Full disclosure can often smooth negotiations and build trust with potential buyers.

7. Repair and Maintenance Records

These are just as important. If you’ve made any repairs or upgrades, like a new roof or updated plumbing, keep those receipts and be ready to show them. Buyers love knowing they’re purchasing a well-maintained home.

Legal and Financial Papers

8. Purchase Agreement

This is the contract between you and the buyer. It outlines the terms of the sale, including the price, closing date, and any contingencies. You’ll definitely want to go over this with a fine-tooth comb, possibly with the help of a real estate attorney.

9. Title Report

This document proves to the buyer that you have the legal right to sell the property and details any liens or claims against it. Your title company will usually handle this, but it’s good to know it’s part of the process.

Last but Not Least

10. Comparative Market Analysis (CMA)

This is something your real estate agent will typically provide. It’s a report showing what similar homes in your area have sold for recently. This will help you set a fair and competitive asking price for your home.

A Little TLC Goes a Long Way

Preparing these documents may feel tedious, but it’s a crucial part of selling your home smoothly. Plus, being organized and transparent can really set you up for success. So grab that folder, that scanner, and maybe a cup of coffee, and get started. You’ve got this!

Happy selling, friend! 🏡

Ready, set, organize!

Spokane Real Estate Agent