Selling your home requires careful planning and preparation. One crucial aspect of the selling process is gathering the necessary documents to complete the sale.
This two-part series will discuss the essential documents needed to ensure a smooth and successful home sale. In Part 1, we will cover the initial documents you must gather.
Knoxville Real Estate Market Watch
As of June 2023, the average price per square foot of homes in Knoxville was $198. Real estate data changes daily. If you need to buy or sell a home in the Knoxville area, please click here to contact us.
The property deed is the most critical document proving your home ownership. This document includes the precise details of the property and requires signatures from all parties participating in the sale.
Before listing your home, obtain a title report from a reputable title company. A title report confirms property ownership and ensures the title is clear for transfer.
Selling a property with an HOA? Give potential buyers a copy of the HOA rules, regulations, and CC&Rs. You’ll also need to include information about HOA fees.
A property survey outlines the exact boundaries of your land and any structures on it. The survey ensures buyers know what they’re getting and prevents property line disputes.
Buyers will want to review the property tax history to understand the tax obligations associated with the property. The records can also show that you have paid all taxes.
If you have an outstanding mortgage on the property, you’ll need to gather all relevant mortgage documents. It includes the loan agreement, current balance, and prepayment penalties.
Consider obtaining a pre-listing home inspection report to identify potential issues. This information can help you set a better price for the home. It can also allow an opportunity to address issues before listing.
Gather information about your homeowner’s insurance policy. Relevant information includes coverage details and claims history.
If any appliances or systems in your home are under warranty, compile the documentation and manuals.
Provide records of any significant repairs, renovations, or upgrades done on the property. For example, if you recently replaced the roof or furnace, you should have the records available.
As you prepare to sell your home, having these documents ready will streamline the process. Some of these documents can also help buyers feel more confident in the sale. Stay tuned for Part 2 of this series.
Are you considering buying or selling a home in the Knoxville area? We’d love to help you! Please click here for our contact page, and we’ll reach out to you promptly.
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