Which Documents Should You Keep After Buying a Home?

Throughout your home-buying process, you will receive a load of real-estate paper work. The question is, how do you know which documents you should keep after buying a home? After all, you don’t want to keep all the paperwork. Here are the files you should keep and why:

Buyer’s Agent Agreement

When you start looking for a home, you choose an agent that will represents you in the purchase. This means you sign a buyer’s agent purchase agreement, a contract between you and the brokerage.

Why do you need it? This contract provides information on what the agent agreed to provide you with, such as who pays commission and terms of terminating. It’s best to keep it just in case there’s any issues.

Purchase Agreement

When you buy a home, you signed a binding contract by you as the home buyers and seller that confirms that they agreed on the terms.

Why you need it? It contains legal ramifications in case you and the seller fail to fulfill the agreement. 

Addenda, Amendments, or Riders

For any reason, these types of documents modify the terms of your purchase contract. They are related to home inspections or appraisals, because the original document was changed, it’s best to hold on to these papers.

Insurance Policies

Insurance is a safety net for when risks go wrong. It’s best to keep this document just to reassure any competing claims to the home, such as liens against the property, especially fraudulent signatures.

Property Deed

When you become the owner of the house, you will receive the deed.  This document is the only way you can prove to others that you are legally the owner. You do not want to lose it!

For the most part, be careful not to throw out these important documents.

If you want a full team of experts, we’re happy to help you make the best decision. Taking action now is the wisest way to achieve your goals for tomorrow.

Please don’t hesitate to reach out to us, we look forward to hearing from you!