Selling Your House? 3 Reasons To Use A Real Estate Agent For Paperwork

Are you surprised by the volume of paperwork you need to process when selling a house? A large share of this paperwork regards financial and legal issues. You could be tempted to handle the paperwork on your own if you are making a DIY sale. But many homeowners who opt to handle the paperwork realize their error much later. Missing details in the paperwork can set you up for financial and legal problems. There are several reasons you should engage a real estate agency to handle the paperwork. 

Avoid Costly Mistakes 

You could lose more money than you are trying to save if you mishandle the paperwork. A house sale transaction has various technical documents, including a sale contract and property disclosures. You also need to have the house ownership paperwork in order, including the property deed, property valuation report, home inspection report, and the financing documents like mortgage loan records. Missing or preparing any of the documents required can be very costly.

A real estate agency firm is crucial in putting your ownership documents to ensure you are legally positioned to sell. They will also prepare the documents surrounding the sale, e.g., the sale contract, in a way that ensures you are not shortchanged. They will review the documents and amend any omissions that could jeopardize your position. 

Comply with Legal and Financial Requirements 

Real estate laws differ from state to state. Ignorance of the legal requirements that guide the sale of your property will not be a defense in the event there are legal troubles. A real estate agency will have a lawyer conversant with real estate law to guide you through the sale. 

The deal must also observe financial regulations, including tax laws. A real estate agency ensures you do not overlook anything that could come back to bite you. They ensure you fulfill your tax obligations if there are any.

Get the Proper Value  

What do you do when an appraiser values your house lower than expected? You can ask for a review of the report. You need someone who knows how to push and advocate for a better valuation.  

Working with a real estate agency firm is helpful because, most times, the realtor has an appraiser who knows the area and the prevailing real estate market. They can help you get a friendly appraiser or push for a review of a poor valuation. Having a higher value on paper translates to higher selling prices and an upper hand in negotiations.

Are you out of your depth in preparing paperwork for a house sale? Talk to a real estate agency to prepare your paperwork for a successful sale.