The stack of paperwork you’ll encounter when selling your house in Omaha is a big one. There are papers you’ll need before listing, documents for listing, documents when an offer is made, and documents for the closing. While it might seem like a lot, don’t fret! Handling one piece of paper at a time will make things easy for you. Get your ducks in a row to sell your house in Omaha!
Selling your house in Omaha will require a lot of paperwork, but you don’t have to feel overwhelmed. In this post, we will review some of the paperwork required to sell your house in Omaha. Keep in mind that there are different requirements depending on where the house is located, so you’ll want to confirm everything with an agent or lawyer before you begin the selling process.
Documents For Listing
Comparable Market Analysis (CMA) Report
Before listing your house, you’ll want to obtain a Comparable Market Analysis (CMA) for your property. The CMA will provide you with valuable information on recent area home sales so you can compare your home and its condition to others in your area in order to determine the price you should be asking for your house.
Listing Contract
Your listing contract will give your agent the exclusive right to sell your house in Omaha. Before agreeing to a listing, make sure you understand what is included and what isn’t.
In addition to these documents, some states have special items they require while the property is listed. Make sure you have everything required so you aren’t subject to any costs or fees!
Disclosures
Any defect or problem with the house will need to be disclosed to your potential buyers. You’ll need to provide this information on a disclosure statement. This is the law and can be considered fraud if known items aren’t disclosed.
Receipts and Repair History
Your buyers will want and need to know what work was done and when it took place. They’ll want to know the vendors you used, what services were performed, and what sort of guarantees you might offer. It’s a good idea to keep a folder of all of your home repair documentation, so everything is in one spot and easily accessible when the time comes to sell.
Preliminary Title Report
A preliminary title report will show your potential buyers the house is owned by you, that you are up to date on your taxes, and that there are no liens against the property that will impede the sale process.
Warranty Information
Your buyers will want to know about the home warranty, as well as the warranty of any appliances that are included in the home sale.
Paperwork After An Offer
Purchase Offer
A purchase offer lays out the initial terms and framework of the deal. It expresses your buyer’s intent to buy. It is not the final contract, as the terms of the purchase agreement may change as more is discovered about the property.
Appraisal
If your buyer is working with a lender to purchase your home, an appraisal will be required. If the house appraises for less than what is being offered, you may find yourself in negotiations with your buyer and their bank, or the sale may end up falling through completely. (With a direct sale to Anna Buys Houses, you won’t have to worry about an appraisal or the deal falling through.)
Inspection Report
The inspection report will show if there are and structural problems, infestations, or issues with the property that need to be dealt with prior to the sale closing. If there are problems with the house that weren’t mentioned in the disclosures, your buyer will negotiate on price or ask you to repair before the sale is finalized.
Purchase Agreement
The purchase agreement is the final contract to buy the home. It lays out all of the details of the transaction and protects all parties involved. It will clearly lay out what is being paid, what is owed, and the timeline for the selling process.
Deed
The deed is the final document in the home sale. It legally transfers ownership from one person to another. The deed will need to be filed and recorded as quickly as possible.
Leave The Paperwork To Us Instead!
Is your head spinning? It can seem like a lot to know about and keep track of. The paperwork mentioned above covers the key things you’ll need to sell your house in the traditional way. That said, when you sell your house to Anna Buys Houses, the paperwork is much simpler and we will handle all of it for you! You won’t have to waste time wondering if you have the right document, or if you or if you filled it out correctly. We are experienced buyers who can help you through the entire process making sure everything is handled legally, and in a timely way. If you’re ready to sell your house in Omaha, let us provide you with a great offer. We’ll handle all of the details to make the sale a success!