What documents should I keep when buying a home?

When buying a home in North Carolina, there are a few documents that you should keep to ensure that the process goes smoothly. The most important document to keep is the purchase agreement. This document outlines key details of the transaction including the purchase price, closing date, and any terms or conditions of the sale. It should be signed by both the seller and the buyer. After the purchase agreement is signed, the buyer should obtain a copy of the deed for the property. This document outlines who the legal owner of the property is and should be filed with the county. The buyer should also receive a title search report, which outlines all liens and encumbrances on the property. The buyer should also keep a copy of the home inspection report. This outlines any potential issues with the home that may need to be addressed in order for the sale to move forward. Additionally, the buyer should keep a copy of the loan documents if they are financing the purchase with a mortgage. Lastly, the buyer should keep a copy of the settlement statement or closing documents. This document outlines the total amount of money paid at closing, as well as any other fees and taxes associated with the purchase. This document is important to have as proof of purchase. Overall, when buying a home in North Carolina, a buyer should keep copies of the purchase agreement, deed, title search report, home inspection report, loan documents, and closing documents. These documents will ensure that the transaction is completed smoothly and in accordance with state law.

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What documents should I keep when buying a home?

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