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By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

 

Yesterday I posted a question on our Q&A site. It was a question from one of my clients whose home I sold five years ago. She is now ready to sell her current home and is asking...

How long to keep documents from that previous sale?

 

Checking the responses.. there was a ton of answers from over 4o members. The responses are ranging from specific amounts of time 3-10 years, to forever,  to if in doubt throw them out, to do not keep them longer than necessary. And the most frequent answer...check with your accountant.

 

Others suggest scanning the documents and toss out the paper files.

  One member Nina Hollander gives her clients a list of what to keep and for how long.

 

Thank you, Nina, for emailing the checklist you share with your clients and thank you for permission to share your list with others.

 

Here is Nina's list 

How long to keep those papers

house logic logo 

The above HouseLogic infographic list is available to all CRS members.

Questions about selling a home?

Call Margaret Rome

 

 How long to keep those papers

Posted by

Margaret Rome
HomeRome Realty
Broker/Owner/Realtor®

Baltimore, Maryland


Sell Your Home With Margaret Rome

Radio Host ALL ABOUT REAL ESTATE
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Author: Real Estate The Rome Way

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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great post, Margaret... and here's hoping that some of our members find this useful for the future!

Nov 18, 2018 07:50 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Q&A is a great place to get questions answered.   It also brings out the sense of humor in members. 

Nov 18, 2018 07:52 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Good morning, Nina Hollander I just sent this post and your list to my friend. Thanks again for sharing.

Nov 18, 2018 07:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

You're more than welcome, Margaret! I had a few others reach out to me yesterday asking me to share my document with them, which I was happy to do.

Nov 18, 2018 08:01 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Carol Williams I love reading 'some' of the questions and 'some' of the responses of our members. 

Humor is a big part of our Q & A.

Nov 18, 2018 08:01 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Nina Hollander You are what AR is all about...caring and sharing!!!

Nov 18, 2018 08:02 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Margaret Rome, Baltimore Maryland,

I like this list! What a great list prepared by Nina Hollander. Definitely a good one to use for our clients!

Nov 18, 2018 03:14 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

That's an excellent list that Nina has prepared, Margaret.  I have been shredding stuff for the past 3 days.  I do know that I have saved everything that relates to any home improvements I have made to my home, in case I should sell one day, it may be needed when it comes to the realm of capital gains tax.

Nov 18, 2018 04:27 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!  

Nov 18, 2018 04:28 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I love the Q&A - in fact, some days, that area is all I see until the wee hours of the morning! Lots of laughs and learning to be found there, Margaret!

I also use Houselogic's infographic to share with clients. Very simple but, answers their question.

Good luck with your sale...looking forward to seeing it shared here!

Nov 18, 2018 07:50 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Dorie Dillard CRS GRI ABR  It was a great list from Nina Hollander and I made this a topic on my radio show, today, mentioning... Nina!

Nov 18, 2018 08:21 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Myrl Jeffcoat Three days ...you must love your shredder!

Thanks for the OFC feature!

Nov 18, 2018 08:24 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

You  may get many answers to questions but you could get more than one that could be at least partially right

Nov 18, 2018 09:07 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Debe Maxwell, CRS The Q & A can be a lot of fun and a great place to get information. HouseLogic has some good infographics and I am glad Nina Hollander shared this list with us.

Nov 19, 2018 07:49 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

William Feela We got many different answers. My friend who originally asked this question received this answer.

"Hi Margaret: my attorney said no need to keep settlement papers beyond 3 years of income tax filing. Leslie"

 

Nov 19, 2018 07:51 AM