February, 2014 | Eric Castongia // San Francisco Broker Associate

Documents to keep after close of escrow

Your buyers final closing statement-you will need this for tax purposes.
Sellers will receive a substitute 1099-you will need to claim your sale on your tax return.
All transaction documentation. ( I provide my clients with a complete transaction CD with the documents in pdf format within a few weeks of closing.)
All loan documentation.
The deed and title insurance policies. Expect these to arrive within 3-4 weeks after closing. Make sure to put them in a safe deposit box, or other firesafe box for safe keeping.
Insurance policies to prove coverage. These should be kept in safe place in your property, such as a fireproof box.

Pricing a 10 unit investment building on Nob Hill for sale was a challenge, given that the it was substantial, well-located and more than five units, which affecting financing. When the building didn’t sell after the first 40 days, a… Read more “An investor interested in trophy properties stepped up and bid a little over the reduced price.”