The Essential Documents Required for Smooth Real Estate Transactions

July 21, 2023

The Essential Documents Required for Smooth Real Estate Transactions

Selling your residential property can be an exciting and overwhelming experience. One of the essential things you should focus on before closing the deal is ensuring that all the necessary documents are in order. Most homebuyers and sellers assume that real estate transactions only require a purchase agreement and a title transfer. However, there are several other documents that you need to have. In this blog, we'll discuss the most important documents needed for a residential real estate transaction and why it's necessary to work with an attorney.


Purchase Agreement:



A purchase agreement is a legally binding document that outlines the terms of the sale and confirms what you agree to sell to the buyer. It covers the purchase price, deposit amounts, closing date, and any other special conditions, such as inspections, warranties, and contingencies. Your attorney can help draft the agreement, review it to ensure its terms and protections meet your needs, and explain any complicated clauses.


Property Disclosure Statement:


As a seller, you're required to provide a property disclosure statement, which contains any defects, damage, or hazards that you know about the property. This statement helps buyers understand the condition of the property, and if they discover something new that you didn't disclose, they can hold you liable for it. A real estate attorney can guide you through the process of providing an accurate and complete disclosure statement.


Land Survey and Boundary Disputes:


A land survey is necessary to determine the precise boundaries of the property, reveal any easements, or encroachments from neighboring properties. Additionally, if there are boundary disputes, your attorney can assist in resolving these issues. They will negotiate on your behalf to identify a fair solution to the boundary dispute issue.


Title Report:


A title report provides an overview of the property's ownership history and verifies that it's free from any liens, lawsuits, or other unforeseeable issues. It also ensures that the proper entity has the legal right to transfer the ownership rights of the property.


Working with an Attorney:


Real estate transactions are often complicated, with legal jargon and complicated paperwork. An experienced attorney can help navigate your way through the process and provide legal advice to ensure you get the best deal possible. They can also negotiate with interested parties and provide legal representation during the closing process.


As an Arizona resident looking to sell your residential property, it's crucial to work with an experienced real estate attorney. It's best to avoid the headache of a poorly executed sale. At McCain & Bursh Attorneys at Law, P.C., we have the expertise needed to ensure the necessary documents required for a smooth residential real estate transaction are in order. As your legal counsel, we'll work with you through each step of the process and ensure that your rights are protected. Contact us today to schedule a consultation.

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