Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

For Sale By Owner

  what documents are needed when selling by owner? Thank you
 
  You must give prospective buyers a written statement about the condition of your property, answering 42 specific questions (that's a New York state requirement.)  If your home was built before 1978, you need to furnish a lead paint disclosure statement (federal.)  If you're talking about things like a deed or title search, documents needed for closing, you'll get guidance on that from your own attorney -- in your state, closings are just about always handled by lawyers whether or not you're using an agent.
    Edith
Originally published on January 7, 2008
 
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