5 Docs to Sell House

Introduction to Selling a House

When it comes to selling a house, there are several documents that you will need to have in order to ensure a smooth and successful transaction. These documents are essential for providing proof of ownership, establishing the property’s value, and facilitating the transfer of ownership from the seller to the buyer. In this article, we will discuss the 5 key documents that you will need to sell a house.

1. Deed

The deed is a critical document that proves your ownership of the property. It is a written instrument that transfers the title of the property from one person to another. There are different types of deeds, including general warranty deeds, special warranty deeds, and quitclaim deeds. The type of deed you have will depend on the laws of your state and the specific circumstances of the sale.

2. Title Report

A title report is a document that provides a detailed history of the property’s ownership. It includes information about the property’s title, any liens or encumbrances on the property, and any other issues that may affect the transfer of ownership. The title report is typically prepared by a title company and is used to ensure that the seller has the right to sell the property.

3. Property Survey

A property survey is a document that provides a detailed description of the property’s boundaries and any improvements that have been made to the property. It includes information about the property’s size, shape, and location, as well as any easements or encroachments that may affect the property. The property survey is typically prepared by a licensed surveyor and is used to ensure that the property’s boundaries are accurately described.

4. Appraisal Report

An appraisal report is a document that provides an independent opinion of the property’s value. It is typically prepared by a licensed appraiser and includes information about the property’s size, condition, and location, as well as any other factors that may affect its value. The appraisal report is used to determine the property’s value for the purposes of the sale.

5. Disclosure Forms

Disclosure forms are documents that provide information about the property’s condition and any known defects or issues. They are typically prepared by the seller and include information about the property’s history, any repairs or improvements that have been made, and any known issues or defects. The disclosure forms are used to ensure that the buyer is aware of any potential issues with the property before the sale is finalized.

📝 Note: It is essential to review and understand all of the documents involved in the sale of a house to ensure a smooth and successful transaction.

Additional Documents

In addition to the 5 key documents mentioned above, there may be other documents that are required to sell a house. These may include: * MLS listing agreement: a document that authorizes a real estate agent to list the property for sale * Purchase agreement: a document that outlines the terms of the sale, including the price and any contingencies * Inspection reports: documents that provide information about the property’s condition and any potential issues * Repair estimates: documents that provide estimates for any repairs or improvements that need to be made to the property

Document	Description
Deed	Proves ownership of the property
Title Report	Provides a detailed history of the property's ownership
Property Survey	Provides a detailed description of the property's boundaries and improvements
Appraisal Report	Provides an independent opinion of the property's value
Disclosure Forms	Provides information about the property's condition and any known defects or issues

To summarize, selling a house requires a significant amount of documentation to ensure a smooth and successful transaction. The 5 key documents mentioned above - deed, title report, property survey, appraisal report, and disclosure forms - are essential for providing proof of ownership, establishing the property’s value, and facilitating the transfer of ownership from the seller to the buyer. By understanding the importance of these documents and having them in order, you can help ensure a successful sale of your house.