Real Estate Financial Checklist

This checklist is designed to help you gather all necessary financial information and documents required for real estate transactions. Completing this checklist in advance will streamline the process and ensure a smoother experience.

Personal Identification and Legal Documents

• Valid government-issued photo ID (e.g., driver’s license, passport).

• Social Security card or equivalent documentation for non-US citizens.

• Legal documents pertaining to property ownership (if applicable).

Income Verification

• Recent pay stubs (last 2-3 months).

• W-2 forms and tax returns from the past two years.

If self-employed:

• Personal and business tax returns for the past two years.

• Profit and loss statement.

Asset Documentation

• Bank statements for all checking and savings accounts (last 2-3 months).

• Investment account statements covering the last quarter.

• Documentation of other assets (real estate holdings, etc.).

Debt and Liability Information

• Current mortgage statements for all properties owned.

• Loan statements for outstanding debts (auto loans, etc.)

• Credit card statements for the last billing cycle.

• Documentation of any other liabilities.

Property Information (For Buyers)

• A copy of the signed purchase agreement (if applicable).

• Proof of earnest money deposit.

• Property listing details.

Property Information (For Sellers)

• Current property tax bill.

• Homeowners association (HOA) statements (if applicable).

• Recent home inspection reports.

Financing Documentation

• Pre-approval letter from a lender (for buyers).

• Mortgage payoff information (for sellers).

• Evidence of mortgage insurance (if applicable).

Additional Documents

• Gift letters (if part of the down payment comes as a gift).

• Divorce decrees, child support, and alimony documents (if applicable).

• Bankruptcy discharge documents (if applicable).

Please ensure all documents are current and accurately reflect your financial situation. Our team is here to assist you through every step of your real estate transaction, using this information to guide and support your journey. Thank you for preparing these documents in advance.

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