Selling a house is a major real estate transaction that requires extensive paperwork. Even in the best-case scenario, the documentation needed for this process could be overwhelming if you’re unprepared.
Wise Property Buyers is a respected cash home buyer serving Detroit, Michigan. We know the documents required to sell a house, which we outline in our post below.
Essential Paperwork Before a Home Sale
When thinking about documents required to sell a house, you may assume you need your personal identification details, including your driver’s license and a utility bill with your name on it, as well as your title report. However, you’d also need the following:
- Mortgage statement and loan documents: This paperwork outlines your home loan payoff amount and any other loans or liens connected to the property.
- Property survey: With this paperwork, you can prove where your property lines, fences, and easements are around your home.
- Maintenance records: Buyers often request repair and maintenance records for the house to ensure proper disclosure of all known issues.
- Completed property disclosure forms: As a seller, you have a legally mandated responsibility to document all known issues with your house and disclose them to potential buyers.
- Certificate of occupancy: You need this document to prove that your house meets all local building codes.
- HOA paperwork: Is your house part of a homeowners’ association? If so, you’ll need paperwork showing the neighborhood rules, monthly dues, and other essential information about the HOA and your property’s participation in it.
- Utility and property tax bills: Although not a requirement, buyers may request this information to understand the property’s ongoing costs.
Documents You Need for the Listing
People often sell their houses through a real estate agent, who handles most of the paperwork for the transaction. If you take this approach, you’ll sign a listing agreement with the agent, which includes the date the property will go on the market, the agent’s commission, and your property’s listing price.
Once you get an offer, you’ll get the buyer’s purchase agreement. The purchase agreement contains the homebuyer’s offer and all contingencies, like home inspection reports and financing details.
Necessary Closing Documents
When you close on your house, you’ll finalize the sale by signing many documents, including the closing statement. This document includes an itemized list of closing costs and other financials, seller concessions, and proof of sale. Then, the property deed transfers the ownership of the house from you to the buyer.
Avoid the Excessive Paperwork by Selling Your House for Cash
If you’re thinking of selling your house in Detroit, Michigan, know that the process will require a lot of paperwork. However, partnering with an experienced cash home buyer, like Wise Property Buyers, can streamline the home-selling process.
Our professionals have years of experience purchasing local homes by making fair cash offers. We know the documents required to sell a house and will assist with all the paperwork to ensure a smooth deed transfer. We never charge agent fees or commissions, and will buy your house no matter the condition or situation.
Call (313) 513-8824 to get started on your Detroit home sale with Wise Property Buyers.