What paperwork is necessary to complete a transaction?

When completing a real estate transaction in Georgia, several key documents are typically required to ensure a smooth process. First, a sales contract is essential, which outlines the terms of the sale, including the purchase price, contingencies, and closing date. Next, property disclosures are often required, where the seller must disclose any known issues with the property. A title search and title insurance are also crucial components to confirm that the property is free of liens and that the seller has the legal right to sell it. A closing statement, outlining all financial aspects of the transaction, is typically prepared and presented at closing. Additionally, buyers should be prepared to complete mortgage documentation if financing is involved. Lastly, identity verification documents may be necessary for both parties. It is advisable to check the specific requirements applicable to your situation, as they may vary based on local laws and practices. For further details about these documents, it may be helpful to visit the official Georgia Home Buyers website for more information.