Essential Documents to Prepare for Closing Day
When the big day arrives, being prepared with the right documentation will ensure a smooth transaction. Here’s what you’ll need to bring:
Personal Identification
- Two forms of government-issued identification (typically your driver’s license and passport or Social Security card)
- Ensure at least one form has your photograph
- Verify that IDs are current and not expired
Transaction Documentation
- Closing statement (provided by your title company or attorney)
- Complete copy of the executed purchase contract with all addenda
- Bill of sale for any personal property included in the transaction
- Signed deed transferring ownership to the buyer
- Title affidavit confirming your ownership and absence of undisclosed liens
Additional Items That May Be Required
While not on the basic checklist, be prepared to provide:
- Payoff letters for any mortgages or liens
- Certificate of occupancy or certificate of continued occupancy (if required by your municipality)
- Proof of repairs requested during the inspection period
- Final utility readings and evidence of payment
- Association documents if your property is part of an HOA or condo association
- Foreign Investment in Real Property Tax Act (FIRPTA) documentation if you’re not a U.S. citizen
Working With Professionals Makes All the Difference
Given the complexity of New Jersey real estate transactions, most successful sellers work with experienced professionals, including:
- A knowledgeable real estate agent familiar with your local market
- A real estate attorney to review contracts and guide you through legal requirements
- A title company to ensure clear transfer of ownership
- Tax professionals who can advise on potential capital gains implications
The small investment in professional guidance often pays dividends in a faster, more profitable, and legally sound transaction.
This article provides general information about selling property in New Jersey and should not be construed as legal advice. Always consult with a qualified real estate attorney regarding your specific situation.