What Documents We Need To Keep After Home Closing

1. What Documents We Need To Keep After Home Closing Oh, good luck, hardest and tedious part of house hunting has been done and what is remaining is only documentation. I know documentation is not just only, it also involves critical hurdle of reviewing documents for accuracy and completeness and or signing the various documents required. I have mentioned below in very simple ways about which copy of the transaction documents or original documents we should keep after home closing. Maintain a file of documents and keep them safe for future reference. Documents, statements can be required at any time for example if you need to file a claim, either against the home seller, your professional representation team or contractors. Real Estate Transfer Documents Closing Documents to Keep as Photocopies after Home Buying Purchase Agreement This piece of paper contains all the terms and conditions required for closing and also signed by all parties when you settled to buy the home. Addendums, Amendments or Riders This piece of paper contains the names of title or seller’s or home buyer’s name or a street address and anything that amends or modifies the terms of your purchase contract.

2. Requests for Repair This piece of paper specifies any monetary agreements to repair items or completion of any repair work and also explain that repair work may require a permit or be performed by a licensed supplier. Seller Disclosures This piece of paper contains written warranties, guarantees or disclosures, material facts, lead-based paint, transfer disclosure statement or any other thing provided by the seller. It’s used as legal evidence against the seller in future if he attempts any illegal way. Escrow Instructions, if any This piece of paper contains all the terms and conditions of the agreement between buyers and sellers. Home Inspection This piece of paper contains a brief summary including photographs of a home inspector’s findings. It covers all items whether they are good or need any repair or replacement. Pest Inspection and Completion Certificate This piece of paper contains a certification and work completion report from pest Inspection Company. Other Inspections and Work-Related Documents This piece of paper contains all the remaining inspections or work like contractor invoices and permits. Home Warranty Plans This piece of paper contains the policy number and contact information for repair calls and also summarizes what is covered under a home warranty plan and things that are not covered. Closing Disclosure This piece of paper contains estimated costs and in case if something is not clear about fees, feel free to contact the top realtor in USA and ask you do not understand. Estimated Closing Statement

3. This statement contains a final approximation of all charges includes the sales price, your cash to close escrow, your loan amount, and all of the other costs and credits for purchasing the home. Promissory Note and Mortgage This piece of paper shows your principal balance and terms of your loan as required by the lender. you get an original note once you paid in full. Insurance Policy This piece of paper shows terms and conditions, premium notice and policy number for your home owner’s insurance. You are required to pay your premium annually If your loan is impounded. Title Policy This piece of paper shows the name of the title company, date of issuance and policy number, your vesting, the dollar amount of title insurance, and exceptions to coverage. Closing Documents to Keep as Originals after Home Buying Closing Statement This 5-page document contains all the official charges and credits of your home purchase and submits this statement to your tax preparer. It is required for filing your personal taxes for that calendar year because some items may be tax deductible. Deed This piece of paper contains how you hold the title, the name of the sellers giving you title and the property’s legal report. This Title transfer document is returned by the County Recorder’s office. Source: https://toprealtorusa.wordpress.com/2017/06/14/what-documents-we-need-to-keep- after-home-closing/