Required Documents To Sell A Property:
1. Sale deed: This is the official document that transfers property ownership from one person to another. The property owner must issue it. And contain details of the transfer, such as the date and time of sale, consideration paid for it, etc. It is one of the required documents to sell a property.
2. Building plan: This is an architectural drawing that shows the layout of a building or structure. It also indicates what used materials for its construction. And whether there have been renovations in the past few years. It is one of the required documents when you sell a property. Click here for more information.
3. Occupation certificate: This document certifies that an authorized party has inspected the building. Who has found no structural defects that could threaten people living or working in it? It is one of the vital required documents before selling a property.
4. Agreement for sale: The agreement for sale is a document that outlines the terms of the deal, including the price, closing date, and other details.
5. Encumbrance certificate: This certificate indicates whether there are any liens or encumbrances on the property, such as unpaid taxes or outstanding loans.
6. Other documents: The buyer will likely require additional information to decide between buying your property, including an inspection report and an appraisal. Click here for more information.
Required Documents For Buyers:
Preliminary Documents
Preliminary documents include the purchase and sale agreement, title insurance policy, deed of trust, and survey. These required documents are essential for all buyers to check before purchasing the property.
-Pest inspection and completion certificate: The pest inspection report can confirm that your new home is free from pests and other vermin.
-Closing disclosure: This document contains information about the property and its condition at the time of sale and any outstanding liens or unpaid taxes on the property.
– Closing statement: This document shows how much you paid for your home. And what fees are due to the seller or their agent (if there is one)?
-Promissory note and mortgage: This is the contract you signed with your lender to pay off your loan. If you need to prove that you own the home or want to refinance later, you should keep this document. If you sell your home, it’s also vital for the new owner to see this document so they can get their mortgage.
-Insurance Documents: If you have homeowners insurance, you must keep all of your policies in one place if something happens at your house while you’re living there or if anything gets damaged by an accident or natural disaster. You might also need these records if something happens after moving out of your house. They contain information about what parts of the house (such as appliances). And where they are inside those areas. Click here for more information.