What Paperwork Do You Need to Buy or Sell a Home?
Prepare theses documents before meeting with a Realtor to streamline your home buying or selling process and stay ahead in the Crystal Coast real estate market!
For Home Sellers:
If you’re thinking of putting your property on the market, gathering these documents early can save you time and potential headaches later.
1. Property Deed
This document shows you legally own the home. Your Realtor will need this to confirm ownership and help prepare the listing. Your realtor should be able to access this for you.
2. Mortgage Statement
If you still owe money on your mortgage, a current statement will give a clear picture of what’s left and help determine your net proceeds from the sale.
3. Property Tax Records
These show your property’s tax history and give buyers peace of mind. They’re often used by lenders and attorneys during closing.
4. Utility Bills
Buyers often ask about monthly costs for electricity, water, gas, etc. Having these handy helps paint a full picture of the home’s operating expenses.
5. Homeowners Association (HOA) Documents
If your home is part of an HOA, gather rules, fees, and contact information. Buyers need to know what to expect before they commit.
6. List of Upgrades or Repairs
A simple document outlining home improvements or repairs (with dates and receipts, if possible) can boost your home's value and credibility.
7. Home Inspection Reports (if available)
If you’ve had a recent pre-listing inspection, share the report. This can show transparency and reduce surprises later.
For Home Buyers:
Buying a home is exciting, but it’s also a serious financial commitment. Getting your documents in order early not only helps your Realtor, but puts you in a stronger position to move quickly when you find the right home!
1. Proof of Income
Have recent pay stubs, W-2s (or 1099s if self-employed), and possibly two years of tax returns ready. Lenders will use these to verify your income.
2. Pre-Approval Letter
This is a major one. Meet with a lender and get pre-approved before you start touring homes. It shows sellers you’re serious and capable of securing financing.
3. Bank Statements
Lenders will need 2–3 months of statements to verify assets and down payment funds. Make sure everything is clean and clear.
4. Credit Report & Score
Knowing your credit score ahead of time lets you address any issues and avoid surprises when applying for a loan.
5. List of Must-Haves and Dealbreakers
Not technically paperwork… but having a written list of what you really want in a home helps your Realtor narrow down options and make the most of your time.
6. Gift Letters (if applicable)
If part of your down payment is coming from a friend or family member, you’ll need a signed letter stating that the funds are a gift and not a loan.
Your Realtor Is Your Ally!
While it’s great to prepare in advance, you don’t have to have everything perfect. A Realtor will guide you through the process and fill in any gaps. But the more prepared you are, the more empowered you’ll feel, and that’s a winning formula in real estate.
