If you’re one of the many people who has said, “I need to sell my house in Stockton,” you need to know everything that might happen once you place it in the market. But like most things in life, there’s a lot of paperwork involved in selling a home. You might be saying, “I need to sell my house quickly for cash,” but the reality is that there’s a lot of paperwork involved that might seem needless and mysterious at first, but it can actually determine the outcome of your sale. If you’re lost in a fugue of numbers and legalese, don’t worry- instead, follow this list of four lesser-known pieces of paperwork needed when selling your home.
- Your Mortgage Statement
With these documents, you’ll be able to calculate approximately how much money you’ll be able to make off of the sale of your home. Your mortgage lender is legally required to provide these documents for you when you ask- so don’t be afraid to go and get them even before you begin to list your house.
- A Comparative Market Analysis
This is another document that will help you judge how much you need to sell your home for. A comparative market analysis takes an in-depth look at the market conditions, and especially about how much homes in your area or homes like your own are selling for at the moment. Realtors will be able to help you with this, but if you’re selling without a realtor, there are a lot of online calculators that can also assist you.
- A Preliminary Title Report
A preliminary title report is really helpful, in that it tells you how much money you still owe on the property before you sell it. It takes into account your mortgage, your taxes, and what kind of issues are still present on your property, to help you price your home correctly and warn any buyers that there may be issues.
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- A Mandatory Disclosure
This is one of the first pieces of paperwork that really goes into what the buyer needs to know. In a mandatory disclosure agreement, you create a document that tells the buyer of any hazards or annoyances in the home. These can include water damage, asbestos, or even past disputes about neighborhood noises or property lines.
Overall, selling your home can be as easy as saying “sell my Stockton house quickly for cash,” but you do need the right paperwork! These four lesser-known materials will help jumpstart your home-selling career, and do so without a lot of unneeded jargon.