After you have reached the last step of the home buying process and you have become the proud owner of a property in Tampa real estate, you must keep certain documents that you might use in the future. These important documents you need to file don't have to be original copies, however, it is better if they are in your possession.

The essential documents and files that you must keep after you have bought your own home include, but are not limited to the following:

• The purchase contract is where you will find the terms and conditions of your purchase. It is agreed upon and signed by the two parties involved: the buyer and the seller.

• The contracts or agreements regarding the requests for repair of faulty or damaged objects.

• You should also keep any changes, amendments, addendums, or riders made in the terms and conditions of the purchase stated in the contract.

• Another vital document is the home inspection report. This is an overview of the result of the inspection that specifies the items that must be replaced or repaired. In addition, such reports must include photographs.

• You must also keep any written reports regarding material facts, transfer disclosure statement, lead-based paint, as well as other disclosures, warranties, or guarantees that are given to you by the seller.

• The home warranty plans, which include the contact details for calls concerning repairs, the policy number, and the summary of the plan's coverage, are also worth-keeping.

• You have to keep in your records a certificate of pest inspection and completion that you can acquire from the company you hired. This states that the inspection has been done in the property.

• Some owners hire other specialized home inspections so you should also keep such reports of inspections and works performed, if there are any.

• The first estimate of all credits and charges for purchasing the home, which is the estimated closing statement, must be kept in file.

• Another important document you must keep is the truth-in-lending statement, which gives consequential and accurate figure of credit information. It includes the percentage rate each year and details your home mortgage payments, as well as your unsettled principal balance.

• You should keep your insurance policy in which you'll find the policy number, premium notice, terms, and conditions of the homeowners insurance or HOI.

• Mortgage and promissory note must also be filed. The former states the principal balance and the loan's terms (as instructed by the lender), while the latter is usually not recorded and you may only acquire the original copy if it's already fully paid.

• The title policy, which describes your vesting, the amount of the title insurance, as well as the exceptions to the coverage, is also one of the important documents that you need to have in file. This document includes the company's name, policy number, and the date it was issued.

There are many reasons why you need to have a copy of these documents, but one of them is that you may use these in case you need to file a claim against another party, such as the contractors, your representation team, or the seller. It is wise if you are always ready for such incidents. You may ask your real estate agent about this before closing a deal to buy a house from the available Tampa homes for sale.