Free Petition For Sale of Real Estate Checklist

Property Assessment

• Have you conducted a thorough assessment of the property's condition and value?

• Do you have an updated property appraisal?

Ownership Verification

• Have you confirmed legal ownership of the property?

• Do you have access to all property deeds and titles?

Legal Consultation

• Have you consulted with an attorney specializing in real estate law?

• Are you aware of any legal restrictions on the sale?

Financial Documentation

• Have you gathered all financial documents related to the property, including mortgage statements, liens, and tax records?

• Is there a clear understanding of outstanding debts or obligations?

Consent of Co-Owners

• If applicable, have all co-owners consented to the sale?

• Are there any disputes or conflicts among co-owners?

Market Analysis

• Have you analyzed the current real estate market to determine the appropriate listing price?

• Do you have a plan for marketing the property?

Listing Agreement

• Have you selected a real estate agent or broker and signed a listing agreement?

• Does the agreement outline the terms and commissions?

Required Disclosures

• Are you aware of any state and federal disclosure requirements?

• Have you prepared all necessary disclosure documents?

Title Search

• Have you conducted a title search to identify any potential title issues?

• Are there any unresolved title disputes?

Offer Evaluation

• Have you received any purchase offers?

• Have you reviewed and evaluated the offers?

Negotiation and Counteroffers

• Have you engaged in negotiations with potential buyers?

• Are there any counter offers or additional terms to consider?

Purchase Agreement

• Have you drafted and signed a legally binding purchase agreement?

• Does the agreement include all agreed-upon terms and conditions?

Financing Confirmation

• Have you ensured that the buyer's financing is in place and confirmed?

• Is there a contingency plan in case of financing issues?

Inspections and Repairs

• Have inspections been conducted, and are repairs or negotiations for repairs underway?

• Are there any issues that may affect the sale?

Closing Preparation

• Have all necessary documents been prepared for the closing?

• Is the closing date scheduled and agreed upon by all parties?

Closing Process

• Will you attend the closing with all required documentation and parties?

• Are funds distribution and title transfer arrangements in place?

Post-Closing Tasks

• Have you accounted for any post-closing responsibilities, such as utility transfers and keys handover?

• Is the property vacant and ready for the new owner?

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