Frisco Texas Mortgage, Real Estate, Events, and more

Preparing Important Documents For the Sale of Your Home

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:

 

  • Survey

  • 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)

Survey

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
(214) 783-2210
to discuss the sale of your home.

 

 


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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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Are you looking to purchase a Texas home?  Perhaps you love your Texas home but would be interested in refinancing your Texas mortgage to a lower interest rate?  

I'll help you get pre-approved for your Texas home loan and even suggest some very knowledgeable and professional Real Estate Agents in your area of choice.  If you are available to talk, I am available to listen.  Give me a call or visit my website for more details.

Do you want to know all of your mortgage options? Call me today and let's discuss them further.

Texas Home Loan Consultant

Always available for your Texas Mortgage and Home Loan needs!

John R Cannata    P#214.728.0449

NMLS # 322646

Texas Home Loan Expert

Frisco TX Mortgage

      

 

The views expressed on this site are mine alone and do not reflect the views of my employer.

Comment balloon 5 commentsJohn Cannata • May 08 2012 08:51AM

Comments

Some good information to prespective buyers.  Thanks for sharing with us on Active Rain.

Posted by Edward & Celia Maddox, EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD (The Celtic Connection Realty) over 5 years ago

Great re-blog of Loreena's John and YOU TOO are a superior resource for buyers to work with.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 5 years ago

John, thanks for calling our attention to this educational post.  Supreme Lending is a great organization!

Posted by Sharon Parisi, Dallas Homes (United Real Estate Dallas ) over 5 years ago

John  Thank you for the reblog - this is excellent advice for sellers

Posted by Karen Kruschka, - "My Experience Isn't Expensive - It's PRICELESS" (RE/MAX Executives) over 5 years ago

Thanks so much for the reblog and the shout out. Really appreciate that.

Posted by Loreena and Michael Yeo, Real Estate Agents (3:16 team REALTY ~ Locally-owned Frisco TX Real Estate Co.) over 5 years ago

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