Are you here because you entered “sell my house fast” in the search bar? If we were to select the most daunting transactions in our lives, selling a house would certainly be on the top 10 list. Many things can delay or even derail the process if you have not done your homework. Some scenarios are inevitable, but you can avoid others if you are organized.
For example, there are important paperwork requirements when selling your house. Once you understand these, the sale of your house can be smooth and quick. In this text, we gathered the legal documents you must have if you are selling a house in Raleigh.
7 Documents You Must Have When Selling Your House In Raleigh
It’s most likely the most obvious document to have when buying or selling a house to cash buyers or on the market. You will need a property contract outlining the sale terms and conditions, the buyer’s offer, and the sale price. The contract should also include the date of closing, the buyer’s payment information, and what contingencies you must meet before the closing can take place.
In the state of North Carolina, all sellers must disclose any and all known problems or defects with the property. When selling a house in Raleigh, you must provide a Residential Property and Owners’ Association Disclosure form to the buyers. The law requires the form to ensure that the buyer knows what they are buying and the potential problems they may face with the property.
After the sale of the house is complete, you will need to transfer the ownership of the property to the buyer by signing the deed. You must register this deed with the right office, and the buyer receives a title to the property.
Sometimes, the seller may need to remain in the property for at least a few days or weeks after the closing. In such cases, you will need an occupancy agreement or rider in which both parties agree to the conditions of continued residence. This document will also state when is payment for the time of occupancy due and how much it should be.
Third-Party Financing Clause
If the buyer requires a mortgage to purchase the house, you will need a third-party financing clause in your contract. In the documents, you should find details about the buyer’s loan, such as how much it is for and what type of loan it is. What makes this document vital is that you’ll be protected if the buyer fails to pay. With cash buyers, the process is way easier.
Everything you speak with the buyer or the agent should be in a document. Vague statements are not accepted by law, so if you promise something to the buyer, make sure to include it in the contract. Especially for non-conventional sales, make sure you write down what you agreed upon. You’ll avoid legal hassles that can delay the sale of your house.
You and your buyer must sign a Settlement Statement to ensure that the financial part of the sale is correct and that all parties understand what they’re getting from the sale. This document contains all of the fees, liabilities, and credits that are part of the transaction. Stick to the numbers you agreed upon and make sure all parties understand what’s in the statement. If you have questions, seek help from a professional.
How To “Sell My House Fast”
The best way you’ll find to get quick cash for your house is to sell it to us at Easy Sale Homebuyers. We are a real estate solutions company based in North Carolina, and we work with homeowners who want to sell their houses fast. We buy houses regardless of the condition and have the funds ready in a matter of days. We can close on your schedule, so you can move on with your life.
Our process is extremely easy and straightforward. We’ve been in business for quite some time, so we know all the ins and outs of the real estate market in Raleigh. We also have a team of experienced real estate professionals that make sure everything goes as smoothly as possible. Wait no more, and click on the link below to start now.