• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Rachel Gontkovic - Long & Foster Annapolis

Live the Annapolis Lifestyle

  • Home
  • About Us
  • Listings
  • Testimonials
  • Resources
  • Blog
  • Contact
  • Search Homes
  • Home Evaluation

So Many Signatures! What to Expect When You Sell

June 3, 2021 by Rachel Gontkovic

A home sale isn’t just a matter of transferring the money and title between the buyer and seller. It’s a complex legal transaction, and as such can only happen with a thick folder of official documents and signatures (digitally or on paper).

Okay, not quite as much paperwork as the photo above! As we go through the steps to sell your home, we will likely need to put together the following:

Pay-Off Information. When selling your home, you’ll need to provide your lender’s address, the loan balance, whether the loan is assumable, years remaining on the present mortgage, PITI (Principal, Interest, Taxes & Insurance) and interest rate.

Well and Septic Inspection. If your property has a septic system and/or well, current inspections by local health authorities may be required. I usually arrange for the inspection after a contract is ratified.

Lender Appraisal. Lenders require an appraisal to ensure that the property is adequate collateral for a loan, and they will order an appraisal through an approved vendor after a contract is ratified.

Assessments/Easements. I may ask if any tax assessments or easements exist on the property that must be paid or included in the purchase contract and passed on with the land when sold.

Property Taxes and Homeowners’/Condo Association Fees. You should provide a record of property tax special assessments and HOA or condominium fees.

Inspections. Most new mortgage lenders require a termite/wood-destroying insect inspection certificate that shows the house is free of infestation. The contract will establish who orders and pays for the inspection. You can also provide any home inspection reports from when you purchased the property.

Utilities. You should provide a record of the utility bills including gas, electric, sewer, water and trash.

Additional documents. Sometimes I also need copies of the deed, house location, condo by-laws or HOA documents, subdivision map, previous title search abstracts, legal description of property (subdivision, section, lot), home warranties on major systems, and a copy of the homeowners insurance policy.

For more information on the home selling process, pricing your home, and local markets, contact me today.

Filed Under: Ask the Realtor, For Seller Tagged With: annapolis, annapolis homes, annapolis real estate, annapolis realtor, Home Owner, home sales, home sales in annapolis, home selling, homeseller, Rachel Frenstos, real estate, real estate agent, real estate tips, realtor, sell a home, selling a home

More Posts

Spring Interior Design Trends

Mitigating Flood Risks

September Home Maintenance Checklist

Yes, Do the Home Inspection (Infographic!)

Primary Sidebar

Sign up for my Newsletter

Annapolis Lifestyle

Waterfront homes in Annapolis Maryland

The Blog

Rachel Frentsos writing a blog article

Recent Posts

  • Where Will You Go If You Sell? You Have Options.
  • What Past Recessions Tell Us About the Housing Market
  • Think Twice Before Waiting for 3% Mortgage Rates
  • Is It Time To Sell Your Second Home?
  • What Experts Are Saying About the 2023 Housing Market

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017

Categories

  • Annapolis Lifestyle
  • Ask the Realtor
  • First Time Homebuyers
  • For Buyers
  • For Seller
  • Holiday
  • Home Improvement
  • Home Maintenance
  • Moving Forward with Rachel
  • Resources
  • Uncategorized
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    

Footer

Rachel FrentsosRachel Gontkovic (Frentsos)
Realtor

Connect with Me on:

  • Facebook
  • Instagram
  • LinkedIn
Sign up for my Newsletter

Send Rachel a Message

Copyright © 2023 Rachel Gontkovic (Frentsos), Annapolis Fine Homes - All Rights Reserved

Website images by JLowe Photos unless otherwise indicated.

Site design and hosting by Fischer IT Solutions for Business By Barnhill