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Short Course on – What You Need To Know

Legal Documents that are Essential for Selling a Home for Cash

You and the buyer should meet the legal requirements of selling the house for cash in your state because this is a legal transaction. You will need the following documents when selling your home to a home cash buyer.

The house should be inspected by the home inspector for you to know the right price to charge. You need a residential property disclosure form to fill in the repairs that a home requires and the condition that it is in at that time.

Show the buyer a warning statement about the lead-based paint if your house was built with it. Depending on the state that you are in you may be required to print a document about the lead-based paint in your home from the website of the relevant authorities.

A sale or purchase of a contract should be available to protect the interests of both parties and stipulate their responsibilities. Legal print shops and specific office supply stores sell the fill-in real estate sales contract at an affordable price. Discuss about the details of the offer to purchase document with them cash home buyers to ensure that you are on the same page before you sign it.

The buyer needs an original or current survey because it will show them a graphical representation of the boundaries of your property and the things that you own on that land. The buyer will also use the original or current survey to establish whether your home has extended beyond the boundaries of your neighbor’s land or not to provide evidence to the future buyer if land disputes come up in the future.

Present transfer and disclosure forms to the buyer. The original deed that was given to you by the county clerk or recorder’s office when you bought the property validates your ownership of the home. You can get the original and certified copy at the county clerk or recorder’s office if you need it, such as when you want to sell your home. These forms have information pertaining the buyer, seller and the property such as its value, property tax number and the taxes that you are liable to pay on the sale on the transfer form.

You should have a private mortgage form. You can buy the fill-in private mortgage forms at legal print shops and office supply stores. The forms must have information about the total amount of the mortgage, number of payments, payment due date, frequency and mount, interest rate, late penalties, how the payments are made through mailed check to the home address, street address of the home and property tax identification number and more. The cash home buyer needs the information because these documents will also be required by the future buyer of the home.
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