Preparing Your Home's Documents
Important Paperwork Items to Complete Before Listing Your Home
One of the most effective practices for ensuring a smooth and straightforward selling process is having essential documents and paperwork for the home prepared before the home is listed.
Having the home’s paperwork in place will allow quick responses to most inquiries buyers may have before an offer is made, while also assisting to create a calm and rhythmic selling process once the home has been placed under contract.
Below is a list of common documents that Colorado Homes Real Estate recommends preparing before a home is listed.
HOA Docs – Login and Password
Sellers Property Disclosure
Utility bills for the last 12 months
Receipts for any significant repairs on the home
Paperwork for any warranties with the home
Furniture Inventory or Exclusion List
Survey (If in possession)
Single Family Homes - Septic Pump and Inspection Report
Manuals for appliances (If in possession)
Notes for the Document List:
HOA Docs - For HOA Docs, the minimum docs to have are the Financials for the last 3 years, Board Meeting Minutes for the previous 3 years, Bylaws, Covenants, and disclosure of any known upcoming assessments. These are typically provided through a login and password on the HOA's website.
Sellers Property Disclosure - It’s necessary for the Sellers Property Disclosure to be detailed and sincerely filled out. Not stating known defects with the home can lead to serious liability issues down the road or make the inspection process complicated and uncomfortable. Being straightforward from the beginning is always the best strategy.
Utility bills for the last 12 months – while the hard copies of the utility bills are typically not requested, having scanned copies of these ready to go is a good idea. In the least, have all of the utilities bill together for an accurate utility cost for the listing.
Receipts for any significant repairs on the home – If there’s been any significant work done on the home, have the receipts and invoices ready for review.
Furniture Inventory or Exclusion List – If the home is to be sold with furnishings, it’s a huge assist to have either an inventory list of what will remain or an exclusion list of what will be removed. It avoids having to create a list before a contractual deadline, and sometimes potential buyers will want to see the list before they place an offer on the home.
Survey (If in possession) – Often, surveys become lost from the home’s paperwork. If you have one, great! However, even if you have one, it may be required that a new survey be performed if it’s older, there have been improvements on the property, or if the buyer is requesting a higher level survey than the one in your possession.
Single Family Homes - Septic Pump and Inspection Report - For homes with a septic system, the pump, and inspection of the septic should be scheduled before the home is listed.
The septic pump and inspection are a requirement in Summit and Park Counties during the sale of a home. Typically, the seller pays for this. Currently, there is a waiting list for septic companies to complete the work, and it can delay the closing date of the home's sale.
If the septic has been pumped and inspected within one year of the closing date of the sale of the home, the seller usually isn’t required to perform the pump and inspection.
For further information about regarding the selling paperwork for your home please contact us.