DISCLOSURE FORMS
FSBO RESOURCES & CHECKLIST
The Illinois Association of Realtors provides most of the forms used in a typical real estate transaction, but they can only be accessed by association members. When you’re looking for other documents, such as tax records, property surveys, and deeds, check state or local government offices, such as your tax assessor’s office or department of revenue. Just remember, many closing documents are legally binding agreements. Errors can result in an unenforceable contract that could derail your sale and cost you thousands in fees. To avoid an expensive mistake, consider working with a low-commission Realtor.
Once you find a buyer for your house, it’s time to start the closing process. In a typical real estate transaction, your agent will make sure you fill out all the necessary documents and forms. As a FSBO seller, you’ll have to navigate the paperwork by yourself.
LawDepot — Free eForms — Free US Legal — Charges a small monthly subscription However, documents may be written in other legal formats if you choose to write them yourself or hire an attorney to help with the paperwork. Here’s online forms below
Required for all real estate sales 2 Forms of ID In most cases, a valid passport, driver’s license, or other form of state-issued ID. Copy of Purchase Agreement and Any Addendums Copy of the original, signed sales agreement as well as any agreed upon changes. Closing Statement A detailed list of all the costs associated with the sale and who pays them. This is often prepared by your escrow agent or title company. Signed Deed To legally transfer your property, you’ll need the deed that proves you’re the rightful owner. At closing, you’ll sign the deed over to the buyer. Bill of Sale This is basically a receipt that includes both your information and the buyer’s. It will also list the final price of the home and what was included in the sale. Affidavit of Title A notarized document that states you own the home, that there are no liens on the property, that you are not simultaneously selling the home to someone else, etc.
Loan Payoff Information If you have a mortgage on your home, you’ll need
documentation of exactly how much you still owe and any payoff fees. If you’ve already paid your mortgage in full, you’ll need documentation proving that. HOA Forms and Guidelines If your home is part of an HOA, you’ll need to give the buyer documentation on the HOA’s Covenants, Codes, and Restrictions, financial history, required fees, approval process, etc. Survey Results or Survey Affidavits A survey (or an affidavit verifying a previous survey) proves exactly where the property lines are. Home Inspection Results If you had a pre-sale inspection, you’ll want the results to compare to the buyer’s inspection. If having a buyer inspection was part of the sales agreement, you should receive a copy of the results before closing. Proof of Repairs or Renovations Documentation proving any major repairs or changes to the house help verify its value. These receipts also provide the buyer with information about who to contact if they discover
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