Keeping the Records
Kathy Riggs August 23rd, 2009
Welcome back to my blog!
If you have been following my postings we have completed two journeys to the closing table. First, we took a trip with the buyer and second, we took the same journey but with the sellers.
Regardless of which car you are driving to the closing table, you will be looking to your Realtor to help you with the bumps along the road and almost every transactions hits a pothole or two.
Not everyone that claims to be “in real estate” for a profession is a Realtor. The term Realtor is a a trade name and can only be used by real estate professionals who are members of the National Association of Realtors. Members must abide by the NAR’s Code of Ethics, which insures the highest professional standards. So before you begin the journey as a buyer or seller make sure your agent is a Realtor. The benefits to you are professional standards, networking with other Realtors which helps to expose your property and access to www.realtor.com, the top site consumers use when they begin a property search.
Among the things a Realtor will tell you is something you probably already know. Keep all records pertaining to your transaction. This is especially important in 2009 for first time homebuyers. If you bought your first home in 2009 you will want to cash in on the $8,000 tax credit and your HUD-1 settlement statement that you received on closing day documents what you paid for the home. Also, it is important to keep your appraisal, loan documents and deed in safe storage. Purchasing a fire-safe box is a wise investment. Your Realtor is required to keep copies of contracts and closing documents, but he or she will not have the deed and rarely has a copy of the appraisal.
On the Lighter Side…
Note to Landlord: My toliet seat has broken in half and now it’s in three pieces.
SHAMELESS PLUG
First time homebuyers, time is running out for the $8,000 tax credit. Call me at 252-939-2432 or email me at kriggs@kathyriggs.com for more information.
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