Margaret Rome's Blog

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Ask A Question .. Get Many Answers

 

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.

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Comment balloon 15 commentsMargaret Rome, Baltimore Maryland • November 17 2018 09:32PM

Comments

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

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) 11 months ago

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

Posted by Carol Williams, Retired Agent / Broker / Property Manager (Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.) 11 months ago

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

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 11 months ago

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.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) 11 months ago

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.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 11 months ago

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

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 11 months ago

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!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) 11 months ago

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.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 11 months ago

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

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 11 months ago

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!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 11 months ago

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!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 11 months ago

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

Thanks for the OFC feature!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 11 months ago

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

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 11 months ago

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.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 11 months ago

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"

 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 11 months ago

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