Documents a Homeowner Needs to Have to Sell Their House in Long Island, NY
It is important for a seller to have certain documents when selling a house. Documents like these ensure a smooth sale without legal complications.
Also, these documents make the process of selling a house much easier for both buyers and sellers when they are in order. The buyer knows that they are buying a legally owned property, and the seller is confident that they are following all legal requirements.
Local Investor shares three common documents a homeowner needs to have to sell their house in Long Island, NY.
1. Contract to Sell
A contract to sell a house is an agreement between two parties in which the seller agrees to transfer ownership of the house to the buyer in exchange for payment. The contract outlines the terms and conditions of the sale, including the price, the closing date, and any contingencies that must be met before the sale can proceed. When selling a home, a contract should be in place, as it protects both the buyer and seller and ensures that everyone is held accountable for their actions.
It is important to ensure that both the buyer and seller are aware of any potential risks associated with the sale before entering into a contract to sell. An example would be a provision allowing the seller to back out of the sale if they find a better offer.
2. Certificate Title
The title is what legally proves that the seller owns the property, and a homeowner should make sure it is in order before selling a property. There are some cases in which the title will be listed directly on the house itself, while in others, the buyer will receive a certificate of title from the government or another entity.
It is important to ensure that the title to a property is accurate and legitimate before selling it. Some things to look for in a title include:
Chain of Title. This is a history of the ownership of the property. Ensure that there have not been any unrecorded transfers or sales of the property.
Accuracy of the Information. A title should include all pertinent information about the property, including the legal description, the acreage, and the name of the owner.
3. Deed of Absolute Sale
A Deed of Absolute Sale is a legally binding agreement between a seller and a buyer in which the seller agrees to sell their house to the buyer at a specified price. It is necessary to sign and notarize the deed in order for it to be considered legally binding, since it transfers ownership of the property from the seller to the buyer.
As the seller, it is important to carefully review the Deed of Absolute Sale before signing it in order to ensure that they are comfortable with all the terms. It should include the following information:
The full name and address of both the seller and buyer
The legal description of the property being sold
The purchase price of the property
The date of the sale
The signature of both the seller and buyer
Selling a House in Long Island, NY with Local Investor
Homeowners considering selling their house can call Local Investor. Its team of experts will take care of everything for the home seller, from start to finish. Local Investor is a premiere cash homebuyer out of Long Island NY that can help you get rid of your property in a quick and hassle-free manner!
Visit Local Investor’s website today via the link below!
Company Name: Local Investor
Contact Person: Ben H.
Email: Send Email
Address:24 Great Neck Rd
City: Great Neck Plaza
State: New York
Country: United States