Which Real Estate Documents To Keep
Written by Wena Roeloffze, REALTOR and Lifestyle Expert. Owner of Realty Club 74, brokered by Coldwell Banker Realty.
Keeping certain real estate transaction documentation is of utmost importance for both buyers and sellers. These documents serve as a crucial record of the transaction and provide legal protection to all parties involved.
In the case of buyers, having documentation like the purchase agreement, property disclosure statements, and financing paperwork ensures they have a comprehensive record of the terms of the agreement, any defects or issues with the property, and the financial obligations they have assumed.
For sellers, these documents can safeguard them from future disputes or legal claims by providing proof of their responsibilities and the condition of the property at the time of sale. Furthermore, retaining this documentation is valuable for tax and financial purposes, aiding in accurate reporting and budgeting.
Overall, keeping real estate transaction documentation is essential for maintaining transparency, ensuring compliance, and protecting the rights and interests of all parties involved in the transaction. Luckily all these documents can be stored electronically and if anything should happen to your digital files, your REALTOR can provide you with copies of all agreements, amendments, offer documents, home inspection reports, disclosures, surveys, appraisals, mortgage loan, warranties, invoices, lien waivers and closing statements.
There are however, 2 documents that not your REALTOR, lender or title company can not provide to you, and those are: your deed and your title insurance document. Those are mailed to you.
We at Realty Club 74 have a great solution to keep all these documents in one place for you. No more looking for any document ever again with regards to your home. It’s a fan folio accordion file with ample space to keep it all together. You can purchase your file by sending a message to wena@wenaroeloffze.com with FILE in the subject line. Each folder is shipped across Wisconsin for free. Price for this product is only $45.00.
Get all your real estate documents together with this beautiful file today!