Paperwork is among the top challenges of selling a home, especially for those aware of the potential legal and financial issues that can arise from a misstep. Although, as experienced sellers will tell you, it is well worth the effort to understand the paperwork you will need as a seller. This way, you can ensure you have your documentation in order, some of which should be kept for a period after the sale closes. In addition, because the transaction is full of complicated paperwork, it is beneficial to follow a checklist. Sell a house in today’s market can be easy or hard. Why wait to sell a house, we buy houses as-is cash.
Taking these steps will help you avoid potential delays in the closing process or possibly derail the sale altogether or, worse yet, end up in a legal battle even after the sale has closed over failure to disclose important information. If you are new to the process, read on as we guide you through the paperwork you need to sell a house in Tulsa. Please note that this article is for informational purposes, not financial or legal advice.
Prepping to Sell your Property
Prepping your home to list on the market includes more than adding a fresh coat of paint. The paperwork you should gather to prepare for listing should include the original purchase contract and the maintenance records to sell a house in Tulsa. You should also include documentation on your insurance and any claims to be completely upfront with your buyers. Suppose you are concerned about passing the inspection or what your disclosure documents will reveal to potential buyers.
Some of the key paperwork during this phase includes:
- Major maintenance and repair records: Maintenance and repair records are among the most important records to maintain as a homeowner.
- Homeowners insurance: Sellers are typically required to continue homeowners insurance coverage until the closing has taken place to ensure there’s no gap in coverage on the home.
- Mortgage payoff statement: Either the title company or the closing attorney involved in the sale will request a mortgage payoff statement from your mortgage lender. It can also be helpful so a broker or realtor can provide a more accurate estimate of the proceeds at closing
- HOA documents: Homeowners association rules and regulations, financial documents, dues schedules, and even insurance certificates and articles of incorporation are considered material to a real estate transaction and must be disclosed.
- Property tax records: These are nice to have but not required to sell your home.
- Manuals and warranties: The manuals for major appliances and systems in your home such as the alarm or HVAC, can be helpful for future owners, but they’re not required during the sale process.
In that case, you can relax because professional buyers like those at Petit Home Solution-We Buy Houses buy houses as-is. The professional buyers at Petit Home Solution-We Buy Houses eliminate the need for prep work and repairs, we will take on the risk, and you can start resting easily again.
Listing
Most sellers first thought is to find a real estate agent and sign a listing agreement, which is the next document needed to sell a house in Tulsa.
- Listing agreement: If you opt to work with an agent or broker, you’ll be required to sign a listing agreement. The agreement is a contract between the seller and the agent or broker. It details such things as the agent’s commission and the seller’s obligations to the broker, such as providing documents, keys, and other important items.
- Comparative market analysis: Prepared by an agent or broker, a comparative market analysis (CMA) is a report of similar home sales in your area.
- Seller’s net sheet: Sometimes referred to as the seller’s estimated costs, this document breaks down the costs associated with selling a home. A seller’s net sheet also indicates the net amount a seller stands to pocket once all sale expenses are paid.
- Preliminary title check: Preliminary title searches help both the agent and the seller understand what’s owed on the property, as well as whether there are any issues impacting the title that could hold up the sale or reduce the home’s value.
Have you considered listing on your own to save the real estate commissions but dread handling the paperwork, appointments, and hassles of showings? Maybe you don’t have the time, energy, or finances to afford to wait for a buyer, pay for the marketing expenses, or prep for showings, or you would prefer to avoid the showings altogether. Your solution is a direct sale to professional buyers like those at Petit Home Solution-We Buy Houses. The professional buyers at Petit Home Solution-We Buy Houses can help you avoid the listing process’s uncertainty and eliminate the traditional sales waiting process. At Petit Home Solution-We Buy Houses, we are happy to work with your schedule to make the process convenient and easy. Talk to your professional buyer at Petit Home Solution-We Buy Houses about eliminating the uncertainty of your moving date.
Offers
Comparing properties nearest yours with similar features provides you with one piece of the paperwork puzzle you need to sell a house in Tulsa, the current market value. To make an educated decision about which sales method is best in your unique situation, professional buyers like those at Petit Home Solution-We Buy Houses will detail what you can expect to profit with a conventional listing vs. a direct sale. At Petit Home Solution-We Buy Houses, we believe in total transparency because we want you to agree our offer is fair. You will understand exactly how the professional buyers at Petit Home Solution-We Buy Houses reached their offer. If they believe listing with an agent is better with your given circumstances, they will say so.
At or after closing
Once you’ve reached closing, you’re in the home stretch. But there will be still more documents to process before the sale is finalized.
- Home appraisal report: A home appraisal report will be ordered by the lender or homebuyer.
- Home inspection report: Home inspection reports are generated by an inspector who evaluates the home including reviewing such things as its structure, roof, foundation, heating, walls, windows, and doors. Home inspections are generally recommended so that homebuyers fully understand a home’s current condition.
- Closing statement: This document is typically provided by a title company or closing attorney. This is an itemized statement of all debits and credits to the buyer and seller, providing a bottom line of cash to close on the buyer side or the amount due to the seller.
- Deed: The deed is the document used to transfer the title of the home from the seller to the buyer.
Closing Documents
Your final purchase agreement and the deed are additional paperwork you need to sell a house in Tulsa. Selling directly to professional buyers like those at Petit Home Solution-We Buy Houses saves time, money, and red tape by eliminating the back and forth of offers, counteroffers, and all out-of-pocket selling expenses. Additionally, the professional buyers at Petit Home Solution-We Buy Houses work with a full-service in-house team of industry specialists, from attorneys to the closing table, who will handle the paperwork. At the same time, you avoid paying high commissions, closing costs or professional fees. The amount of the offer from your professional buyer at Petit Home Solution-We Buy Houses is the amount of cash you will receive in cash at closing.
When you make a direct sale, the professional buyers at Petit Home Solution-We Buy Houses and their team will take care of all the paperwork you need to sell a house in Tulsa. At Petit Home Solution-We Buy Houses, we believe in open communication, so we stop everything and listen to our sellers. At Petit Home Solution-We Buy Houses, we understand that no one knows your house quite like you, and we want to help you make the highest possible profit. So talk to one of the professional buyers at Petit Home Solution-We Buy Houses without any obligation. At Petit Home Solution-We Buy Houses, we are your neighbors here in Tulsa, and our passion is helping sellers in the most convenient, cost-efficient and easy process. At Petit Home Solution-We Buy Houses, we are proud of our work, and we want you to feel good about the sale of your house long after closing. So call Petit Home Solution-We Buy Houses at (918) 324-3848 . Sell a house today in cash