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How to Organize Paperwork for Selling Your Home?

Posted by ahsan.web3 on April 4, 2024
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Organize paperwork for selling your home—it’s a true nightmare for many of us. We hate paperwork and it’s a nerve wrenching process. We can safe time by staying organized and unnecessary stress during the home-selling process. If you are thinking of selling your home anytime soon, you should read this!

Essential Paperwork Checklist for Selling Your Home

1. The deed

Deed is the first document required in order to organize paperwork for selling your home. It proves ownership of your home and will need to be transferred to the new owner. If you can’t find it, your town will have it and you can request it. 

The deed is the paperwork that proves that the house is yours to sell. Once the sale is complete, you’ll have to transfer the title over to the new owner. 

Additionally, consider obtaining title reports to validate the legal status of the ownership.

2. Mortgage documents

Mortgage documents are especially important if you haven’t finished paying yours yet. You’ll want to gather up any information that pertains to your loan or mortgage, including Loan estimate, Loan application, Escrow account statements, and Closing disclosure. 

This information will make clear how much of your home sale will go towards paying your lender and how much will go back into your pocket. You can request a copy of this information directly from your lender.

3. Property survey

Property survey it’s very important and asked for almost all the time. You may want to hire an inspector to perform a new property survey if you don’t have current information. This documentation will let a prospective buyer know exactly what they’ll be acquiring in the sale. It includes all the details about the real property, including the property’s boundary lines, the size of the property, any buildings on site, legal descriptions of the property, etc. If you don’t have an up-to-date survey, then consider hiring a licensed property surveyor to create one.

4. Certificate of occupancy

This is the document that confirms your home is is safe for occupancy and suitable for humans to live in. Your local municipality will perform safety inspections and ensure that it’s up to code. If your home needs repairs, you may need to complete these and get them inspected again before applying for the certificate. After all, you can’t sell a home legally that isn’t habitable.

5. Additional documents

Additional documents required for selling your home are warranties and documents related to recent updates, permits and plans for any renovation, paperwork for completed repairs and anything else that you think of, will be also very appreciated by some buyers. 

Ensure all permits are closed, and there are no unresolved code violations. You don’t want anything that would jeopardize selling or prolong the process of selling your home. 

Tips to organize paperwork for selling your home

  • Declutter your documents

    Organize paperwork for selling your home is as important as organizing your space. Start by sorting your documents into categories i.e. deeds, mortgage papers, warranties, insurance policies, and any additional home-related documents. We should Keep only what’s necessary for the sale and future reference. Shred or recycle anything outdated or irrelevant, like old tax returns or expired warranties.

  • Organize and Label paperwork:

    We can use a filing system to keep the paperwork organized. Whether it’s digital folders or physical binders, labeling each category will help us find what we need quickly. For easy identification, we can use colored folders or distinctive bookmarks .

  • Pro tip: Go paperless! 

    Paper can be the biggest cause of clutter in a home and organizing paperwork is a cumbersome process. So, this is the perfect time to go paperless! We work with a lot of clients reducing their paper clutter and setting up a system to maintain a streamlined system by going digital. Documents can be scanned and  accessed through online digital storages. Most of the bills can be paid online through banks, statements can be retrieved online from most of the departments and even advance reminders coming to your inbox. And you don’t have to worry about losing a bill or being charged for a late fee. 

Hire the Right Real Estate Agent

Hire experienced and knowledgeable real estate agent is also the significant task to organize paperwork for selling your home. The right real estate agent will guide you through every step in organizing documents and ensuring a smooth home-selling process.

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