Selling house by Owner - Check The Paperwork You Need

As a seller, you simply can’t deny the fact that there’ll always be a lot of paperwork involved while selling your house. Whether you pick a real estate agent for a home sale or you do it yourself, there’s no running away from the verification and paperwork. Home selling is a big transaction and if you need to know what goes into a home selling process then read this blog till the end, ‘Selling house by Owner? Check The Paperwork You Need’.

Where To Find The Right Paperwork?

Starting off, different states have different laws and you’ll have to line up all the necessary documents according to your state. It is extremely vital to do your research and gather all the information before proceeding with showings. Now the question is how and where do you find the appropriate documents to sell your house by owner?

A real estate attorney can help you provide all the information and legal documents that you need while selling your house. Keep in mind hiring an attorney will require fees, so make decisions on your suitability. Additionally, there are also state and county government websites that help you find relevant information.

Documents Needed For A Home Sale

Given below is a list of documents that you’ll require before proceeding with the home sale with the process. (Note: the documents mentioned below may differ depending on the states you reside in)

  • Property Survey

A survey document determines the boundaries of the specific land or property based on the legal documents filed on it in the past. The document also includes details about fences, driveways, etc. if any.

  • Receipts And Warranties

The document helps in documenting information on any new appliances or improvements done to your house.

  • Plans And Permits

This document ensures that you have made changes or upgrades in your house with due permissions, additionally, it’s proof for the potential buyer to cross-verify. 

To get this document you’ll have to visit the municipality, get the permit pulled post which you’ll have to get an inspection done, do necessary repairs, and again get the house inspected again. The certificate signifies that your house is safe to reside in and is compliant with all the building codes. 

  • Loan Documents

The document usually comprises your first mortgage, second mortgage (if any), and any home equity lines of credit (if any).

  • Latest Utility Bills

The document showcases the monthly amount spent on the household such as electricity, gas, water, etc.

The bill gives an idea to buyers of how much tax they’ll pay post purchasing the home.

  • Title

This document shows that you own legal/equitable interest in the property.

This document signifies a detailed set of rules established by the body that governs the neighborhood. The rules usually contain information about pets, noise level maintenance, etc.  

  • Floor Plan or Blueprints, If Available

Having a plan or a blueprint of your house makes the buyer understand in-depth about the property. Make sure you have two sets of all the documents, furthermore, make sure to add anything that pertains to the ownership of your house.

Selling House by Owner, Here’s How You Do It

If you’re stuck with limited funds, selling a house to an owner is the ideal way out. To know how it’s done follow the process below –

  • Assess Your Property’s Value

Always assess the value of your property before listing it. There are certain setbacks while you list your house like over or underpricing. What do you do in a situation where you are aware of the drawbacks? First off, check the estimated value of your house from home value sites available on the internet.

By only paying a small amount for an FSBO home evaluation you’ll have a licensed professional who’ll do an in-depth evaluation of your home. In 5-7 business days the person will visit your house and you’ll have a detailed report in your hand.

  • Get Your Home Sale Ready

It is an unsaid rule to keep your home in its best shape before putting it on the market. You might want to showcase your home’s full potential by rearranging furniture, decluttering waste, and giving your walls a fresh coat of paint. 

  • Promote Your Home’s Sale

As old-school as it may sound, putting a sign in your yard saying ‘for sale’ makes a lot of difference in the sales. People in the neighborhood will take note of the sign and spread the word. Furthermore, list your house on famous FSBO (For Sale By Owner) listing sites and MLS (Multiple Listing Service) and take that extra step to generate more traffic to your house.

  • Negotiate The Sale

A buyer will always offer a price that’s below the asking price or ask you to pay the closing costs, here’s when you have to negotiate. At this stage, you’ll need documentation, within days of accepting the buyer’s offer it is mandatory to have a copy of their mortgage approval. Post this the buyer will submit a written offer that is mutually acceptable. It is only now that you must draw up a contract that includes closing concessions, final price, closing date, location, and a list of contingencies.

The contingencies are put in the contract by keeping in mind the buyer’s security and allowing them to back out if things fall out of place.

  • Close On the Sale

A closing may either take place at the real estate attorney’s office or the title company depending on the state laws. Make sure everyone is on the same page and the communication is free of any loopholes as the date of closing is the final stride to complete the sale.

  • Disclosure Statement

What is a disclosure statement? It is a document required by most states that outlines defects of the property. It may include mold, flooding, lead paint, radon, structural problems, etc. A disclosure statement protects the seller from any post-sale claims made by the buyer of which they didn’t know initially. Fill out this Disclosure Form before selling the property.

Things That Must Be Included in a Real Estate Contract?

Here’s a list of things that you must touchdown while drafting a real estate contract –

  • Property And Its Characteristics
  • Identity Of the Parties Involved
  • List Of Fixtures/Personal Property
  • Purchase Price
  • Earnest Money Amount and Financing Terms
  • Target Closing Date
  • Contingencies
  • Proration
  • Title
  • Closing Cost
  • Notice Or Default Legalese
  • Miscellaneous Provisions


If you’re a first-time seller and trying to sell your house on your own, we hope the blog might help you in the process. Furthermore, if you wish to sell properties online you can contact Elite Properties, we buy houses New York and if you want to know more about the process of selling house by owner, contact us today at 718-977-5462.

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