Selling a home comes with a lot of paperwork! Let’s focus today on the documents needed to list your home for sale.
1. State Required and Broker Specific Documents
As your listing agent, I will have you sign state required and broker required documents. You will need to sign the following documents…
- The SC Disclosure of Real Estate Brokerage Relationship that explains the differences between a customer and client relationship.
- The listing agreement which goes into more detail about the property being sold and the terms.
- The Earnest Money Disclosure which outlines what will happen with the earnest money once you are under contract
- The Wire Fraud Disclosure to alert you to wire fraud issues.
- You will need to answer questions on the Property Condition Disclosure Statement about the condition of your home.
- If you leave out of state, you will need to sign the Withholding Tax Notice.
- We will also discuss and sign forms regarding a home inspection, home warranty, mold inspection, survey request, smart devices, items that convey, utility and services list, HOA information, a list of updates and showing instructions.
2. HOA Information
Most buyers will want to review the HOA documents for your neighborhood. I will ask you to contact your HOA company and ask for the following documents…
- Rules and Regulations
- Master Deed and Bylaws
- Minutes from the last two annual HOA meetings
- Most recent budget and financial statements
- If you are in a condo, you will also need a copy of the declaration page of the master insurance policy of the Homeowners’ Association
3. Other Miscellaneous Documents
When you purchased your home, you may have opted to purchase owners’ title insurance. You would have gotten a copy of your Owners’ Title Insurance Policy from your closing attorney after closing. I do not have to have a copy of this policy, but if you have the policy, let me have a copy. Having the policy will help the buyers with their title search.
If you rent the property you are getting ready to sell, please also provide the rental income statements. Potential buyers like to see the rental history.
The documents needed to list your home for sale all serve a purpose. They outline the terms of sale, protect you as the seller and help potential buyers make the best decision about your home. It’s a lot of paperwork to read through and sign, but it is necessary!
When you are ready to start the listing process, find out your home’s accurate value.