What documents should I keep when buying a home?

When you buy a home, there are a few documents you should keep in a safe place. These documents will help you if there are any issues with your purchase and also protect your rights as a homebuyer in New York. The first document is the sales contract. This is the agreement between you and the seller outlining terms of the sale. This contract should include the purchase price, any conditions of the agreement, and any contingencies. The second document is the deed. This is the document that transfers the title of the property from the seller to you. It includes information about the property such as the legal description and the names of the people involved in the transaction. Third is the closing statement. This document outlines all the fees and payments associated with the purchase of your home. It will also include information about taxes and insurance premiums. Finally, you should keep copies of the home inspection report, appraisal, and other documents related to the property. The inspection report will tell you the condition of the home and any potential problems or repairs. The appraisal will provide an estimation of the home’s value. By keeping these documents, you can quickly address any disputes or questions that come up after the purchase of the home. They will also provide a detailed record of the transaction for your records.

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What documents should I keep when buying a home?

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