The Documents Every Homeowner Should Keep!

Dated: October 12 2021

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Whether you’re planning to buy or sell a home in the near future, you’ll want to keep certain documents (or digitized copies) on hand for tax purposes, in the event that you have any legal issues related to the transaction or for future home repairs. Some of the most important documents include:

The Deed:
This is proof that you own your home -- keep this in its original form (hard copy) in a safe place for as long as you retain your property. It will be transferred to the new owners upon the future sale of your home.

Closing Paperwork:
As the seller, you should hold on to this for three to five years after you sell. Buyers need these papers or digital files for as long as they own their home.

Seller Disclosure:
These documents include information about warranties, guarantees and any issues related to the function and history of the home. Buyers may need these in the event an undisclosed problem arises which requires legal intervention.

Home Improvement Receipts and Permits:
These are vital to homeowners as they may justify the selling price and can also help with property tax assessments. Buyers will need this paperwork when they sell the home. Plus, these documents could be important if there are issues, down the road, with remodeling or renovation work that was done.

Mortgage statements and cancelled checks:
These are vital to keep on hand for at least three years, especially if you claim any tax deductions associated with mortgage insurance payments which are part of your monthly bill. Proof of property tax payment is also important to hold onto.

Inspection Certificates: Pest, mold, lead, radon...any report should be kept on file and shared with future buyers.

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Adele Tamburo

*Loyal* *Beach Lover* *Yankees Fan* *Music Lover* *Book Lover* As your Realtor it is my job to take away all your stress and worry throughout each step of the process while buying or selling a....

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