Gathering Documentation to Sell Your Home
Now that you’ve decided to sell your home, it’s time to get all the paperwork together! By organizing important documents upfront, your Sands Realty Agent will be better equipped to market and sell your property. Below is a list of the most common things you’ll need, but your agent is ready to assist should you have questions along the way.
One of the most important documents you will provide when you put your home on the market is the Seller’s Disclosure Notice. This document lists the general condition of your property, including your home’s structure, appliances, and mechanical systems, to name a few. As the seller, you are
required to answer each question to the best of your knowledge. In addition, if you are aware of pertinent information from a past inspection (e.g. original, pool, termite, foundation, roof, etc.) be sure to disclose it, and if the inspection was recent, your agent may suggest including the entire report as part of your seller’s disclosure. Providing the Seller’s Disclosure Notice not only informs the buyer about your home’s condition, but if completed thoroughly and honestly, it can protect you from future legal problems. Thus, it’s in your best interest to disclose everything you know about the property you are selling. Not sure if something should be disclosed? Run it by your agent for advice. You can access the Seller’s Disclosure Notice online at the Coastal Carolina Assocation of Realtors.
Certain property features may require you to provide additional disclosures or addendums. Here are a few of the most common:
• Septic System – If you have any type of independent sewer or septic system on your property, you are required to disclose information about
the system. Your Realtor can provide this form for you from the Texas Association of Realtors.
• Gas System – If you receive propane gas service to your property, you are required to disclose information about the service.
Access the form here: Addendum for Property in a Propane Gas System Service Area
• MUD Notice – If your property is located within a Municipal Utility District, you must disclose information about the district to the buyer. This
form will vary depending on the location of each district, but you can see an example here: Horry County MUD Notice to Purchaser
• Lead-Based Paint – If your home was built prior to 1978, you are required to provide a notice of lead based paint, whether it is present on your
property or not. Access the form here: Addendum for Seller’s Disclosure of Information on Lead-Based Paint
• Mortgage Information – Assemble and review all documents related to your mortgage. The state of your home loan can be a huge influence on the
price of your home and whether or not you are in a position to sell. Taking the time to understand your loan now can save you headaches down the road.
• Property Taxes – While the title company will obtain official records of your property taxes, it’s helpful to have this information readily
available since potential buyers may ask about taxes and tax rates.
• HOA Information – If your property is governed by a home owner’s association, you should, at a minimum, have the name and contact information of
the association readily available. While the title company will order restrictions and a resale certificate from your HOA once you are under contract,
it’s a good idea to have a copy of the restrictions before you list the home. Understanding the rules and regulations enforced by the HOA, especially for
unique properties, is helpful to the sales process. With a copy in hand, your agent will have information readily available to answer questions potential
buyers may have, such as whether a swimming pool or addition is allowed on the property.
• Other Property Restrictions – Some properties have restrictions, even if not governed by an HOA. If you are aware of possible restrictions, be sure to share them with your Realtor.
Surveys and Audits
• Property Survey – A property survey will show the boundaries of your home and other important details related to the property. If you have made any
major changes, like an addition or even a new sidewalk, a new survey may be required. In addition to providing a survey, you will also need to complete
the T-47 Residential Real Property Affidavit. This is a notarized document that tells the buyer what you know about the home’s boundaries and if
any changes have occurred since the previous survey. For example, if you add a patio, you can’t simply write that you added a 10 x10 patio of of the back
of the home. You can access the T-47 Residential Property Affidavit online.
• Original Home Appraisal – The original assessment of your home’s value is an important tool in determining the square footage of your home. If the
square feet listed on your appraisal is higher than the value listed on the tax records, you may choose to list the higher square footage in the MLS
and other marketing materials.
• Energy Audit – An energy audit measures your home’s energy efficiency and most often covers your air heating and cooling systems, windows,
attic insulation, ductwork, and weather stripping, to name a few. The Energy Conservation Audit and Disclosure ordinance in the City Code requires
sellers to provide a home energy audit if the subject property is:
• within Myrtle Beach’s city limits
• within Myrtle Beach Energy’s service area
• is at least 10 years old (or older) at the time of the sale
There are some circumstances that may exempt your home from the required energy audit. Energy audits must be performed by a certified ECAD energy professional. Your Realtor will often know a certified professional to call.
• Utility Bills – Buyers will want to know the utility costs of you home, so it’s helpful to provide copies of your utility bills. If possible,
your copies should show 6 to 12 months of payments along with each provider’s name and contact information.
• Top Features of Home – If you have any noteworthy features or upgrades in your home, now is the time to list them! Give your Realtor a list of
items that will make your home stand out to potential buyers. Great items to include are a pool, deck additions, new flooring, custom cabinets,
new paint, and media rooms. This is also the time to include any desirable features about your neighborhood, like amenity centers and proximity to local
schools or businesses.
• Floor Plan – Having an accurate floor plan of your home is a bonus for potential buyers. It makes a great addition to paper flyers, online
listing photos, and virtual tours. If you have a copy of a floor plan from your builder, share it with your Realtor.
• Warranties for Appliances – Buyers will appreciate having warranty information for your home, appliances, and any other covered items when
they move in. Be sure to provide contracts and warranty information for your pool, water softener, air conditioner, etc., as well as major upgrades
like a new roof. Instruction manuals for appliances, like the dishwasher, are also helpful.
WANT TO LEARN MORE?
For immediate assistance, contact your Sands Realty agent. Alternatively, complete the contact form and a buyer specialist will be in touch with you within 24 hours. We look forward to hearing from you!