When selling or buying a home, several key paperwork requirements need to be taken care of to ensure a smooth and legal transaction. For sellers, important documents include the property deed, which proves ownership of the property, as well as any mortgage documents if there is an outstanding loan on the property. When taking over a mortgage Holy Housing would only need a change of address request with the existing mortgage company and we would become the manager of the existing mortgage. Sellers also need to provide disclosures about the property’s condition, any known issues, and other relevant information to the buyer.
Buyers, on the other hand, will need to review and sign various documents, such as the purchase agreement, which outlines the terms of the sale, as well as the mortgage agreement if financing is involved. Buyers should also receive a property inspection report, title insurance, and other relevant disclosures from the seller. Additionally, both parties will need to sign the closing documents, which include the deed, transfer of title, and any other legal paperwork required by the state and local authorities.
Overall, ensuring all necessary paperwork is in order is crucial in the home buying and selling process to protect both parties and comply with legal requirements. It is advisable to work with Holy Housing to help navigate through the paperwork and ensure a successful transaction when selling to Holy Housing. You can get a FREE no-obligation offer from our contact page.
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