The list of FSBO documents that are required during closing

 Sell My House Fast - GSAP: Which FSBO documents should home sellers must have when closing the deal?

Greenville, United States - /Sell My House Fast Greenville -Spartanburg-Anderson-Pickens/

FSBO paperwork needed during closing

The right paperwork during closing can ensure a smooth sale minus the hassle and confusion. Sell My House Fast - GSAP, a cash buyer in Greenville, lists down the important documents that FSBO sellers must have to close the deal.

1. Affidavit of the title - This document is signed by the seller on closing day declaring that the property is free of any liens and that there are no title defects or pending matters that can impact the lien. This document protects the buyer from acquiring a property that is plagued with legal and ownership issues. 

2. Deed - A deed documents the legal transfer of a property. This document is notarized and filed with the right authorities to close the deal. 

3. Closing statement - This is a settlement sheet that documents all the costs, taxes, and other transaction fees related to the sale. This document clarifies the fees owed by different parties and is more like a receipt of the entire sale transaction. A real estate agent or a title company can help both parties create this document accurately. 

4. Property tax records - available at the county assessor’s office or the state department of revenue, the tax statement shows any outstanding taxes that need to be paid by the seller and what the buyer would need to pay after the sale.  

5. Final walk-through form - A final walkthrough before the settlement of the transaction is a good idea for both the seller and the buyer. It is an assurance that all the agreed-upon repairs and other conditions have been fulfilled by the seller. This final walk-through is often avoided as the closing date approaches but it is advised. This document should record whether the buyer did a final walkthrough or not and sign the same.

6. 1099-S tax form - A very important and legal document, this tax form mentions any capital gains taxes a seller will owe on the home sale. Available on the IRS website, this form must be filled out unless the seller is exempted. If the property sales price is more than $250,000 for an individual or $500,000 for a married couple, regardless of the amount of gain, the IRS requires the sale to be reported on Form 1099-S.

With this multitude of documents, an FSBO sale can be quite overwhelming. But sellers always have the choice of working with a cash buyer and delegating all the paperwork responsibility, not to mention the advantage of a swift closing date.

Why Sell My House Fast - GSAP?

If you are looking to sell your house fast, Sell my House Fast - GSAP is the most reliable cash buyer in Greenville, Spartanburg, Anderson, and Pickens. The BBB-accredited, local business can offer fair and hassle-free deals to sellers by skipping the middlemen such as banks and agents. Home sellers don’t have to worry about repairs, commissions, loans, and paperwork with a cash buyer like Sell My House Fast - GSAP. 

Get a “cash for your house” offer swiftly by following 3 simple steps. Fill out a form with contact information or call us, receive a fair cash offer within 24 hours, and choose a closing date as early as 14 days after accepting the offer.

To sell your house fast, call Sell My House Fast GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com