What documents should I keep when buying a home?

When buying a home in Delaware, there are several key documents that you should keep in your records. These documents include the purchase and sale agreement, the deed, the title search report, and the title insurance policy. The purchase and sale agreement is a contract between the buyer and seller that outlines the terms of the sale. This document should include all of the details such as the purchase price, who is responsible for certain closing costs, the closing date, and any additional conditions. The deed is the official transfer of ownership document that is filed with the county. It contains the name of the buyer and seller, the legal description of the property, and a signature from both parties. A title search is also necessary to make sure there are no liens or encumbrances on the property. The title search report should tell you whether there are any issues that need to be addressed before closing. Finally, you should purchase a title insurance policy in order to protect yourself from any future claims against your ownership. A title insurance policy will cover any losses if a claim arises from errors in the title search report. By keeping these documents, you will be able to ensure that your transaction is completed properly and that you have all the necessary paperwork in case of future disputes.

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What documents should I keep when buying a home?

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