Loreena and Mike Yeo of 3:16 team REALTY are great at their job! They ensure that all sellers (and buyers) are taken care of. How? By ensuring that proper documents are completed for your sale, in preperation for the sale, and after the sale. They are a 'no surprise' real estate company!
If you need a great team in and around Frisco Texas, be sure to contact Loreena and Mike Yeo.
Below is an example of their knowledge, professionalism, and proactive approach to selling your home.
I serve many Frisco TX home buyers and sellers. As a Frisco TX real estate listing agent, I always tell my sellers, "I like to take care of business right at the beginning. I have a positive attitude. When I put the sign on the market, I expect it to sell. Hence, I take care of all paperwork I need upfront. I don't like scrambling for stuff in the middle of the process.When I get a contract, I want my sellers to concentrate on negotiating. We will not be hunting for necessary paperwork".
I can say I train my sellers well.
Here are some of the important documents Frisco TX home sellers will need as part of the sale of their home:
- T-47 if you are using an existing survey in the transaction
- Mortgage payoff authorization (consists of your lender’s information, mortgage account information, and last 4-digits of your social security number)
The survey details the property boundaries, building setback lines and easements. The survey must have a clear and legible surveyor’s stamp also. Existing surveys are allowed to be used a new real estate transaction.
T-47: Texas Residential Real Property Affidavit
The T-47 affidavit goes alongside the survey used for the real estate transaction. With using the T-47, it states that the current owners have no made improvements or changes to the property that could affect the use of the existing survey. Changes that would include:
- adding new structures such as swimming pool, room additions or extensions, or other permanent structures.
- change the location of fences
- construction projects on immediate adjoining property that encroach the property
By stating “NONE” – it states that the owner (to the best of the knowledge) does not know of any changes made (listed above).
The T-47 affidavit should be signed in front of the notary.Then, delivered to the title company along with the survey when the transaction is executed.
Upon closing, the T-47 affidavit will be requested to be signed again.
Best practice should include signing the T-47 even before the property comes on the market. When an offer is presented, concentrate on negotiating the offer, instead of running around trying to get the T-47 notarized.
Mortgage Payoff Authorization
The mortgage payoff authorization can be a simple request letter (with the mortgage information listed) that the owners authorize the title company to request a mortgage payoff authorization.
When you hire 3:16 team REALTY to sell your Frisco TX home, you can be assured that the important paperwork needed will be requested upfront. It is how we operate as a company. We do not like to chase after paperwork. We are planners and we gather all the necessary paperwork needed upfront, so when you do have an offer on the property, we will concentrate on negotiating the contract, instead of chasing needed paperwork.
Call Loreena and Michael Yeo
to discuss the sale of your home.
CALL TODAY (214) 783-2210
- Loreena Yeo lives, plays and works in Frisco TX since 2000.
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Content & Photography Copyright © 2012 by Loreena Yeo (3:16 team REALTY)
This article was originally posted at:
Preparing Important Documents For The Sale Of Your Frisco TX Home
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