The Importance of Keeping Up with Closing Documents

The Importance of Keeping Up with Closing Documents

In the world of real estate, the closing process is a pivotal moment that marks the transition of a property from one owner to another. It's a process that involves a plethora of paperwork, from contracts to deeds, tax records, and legal descriptions. Often, these documents are tucked away after the closing, seemingly forgotten. However, as Jenny and JoLyn recently discovered, keeping track of these documents can be crucial.

JoLyn decided to list her own home for sale. Like many homeowners, she had saved her closing documents but hadn't thought much about them until this moment. As she was preparing to list her property, she reviewed the tax records and legal description of her land. To her surprise, they all indicated a different amount of acreage than what she believed she owned.

Confused and concerned, JoLyn knew that these discrepancies could potentially impact her home's value and the sale process. She needed to find a resolution, and fast. After rummaging through closets and old files, she stumbled upon an old survey that was over 20 years old.

This survey provided the missing piece of the puzzle. It accurately described the acreage of her property, aligning with her understanding. Armed with this document, JoLyn was able to clarify the situation with her agent and the potential buyers.

This story highlights the importance of keeping up with closing documents long after the sale. In JoLyn's case, the old survey became invaluable in resolving a discrepancy that could have derailed her home sale. It serves as a reminder that these documents are not just for the closing table but can have a lasting impact on your homeownership journey. So, whether you're buying or selling, keeping track of your real estate documents can save you from unexpected surprises down the road.