What Type of seller are you?

When you want to sell a property, it is necessary to determine the type of seller you are.

– Are you about to sell your primary residence?

– Are you about to sell an income property?

It will then prepare some documents that will be required for the preparation of the brokerage contract (your broker you will make copies and you will keep the originals) and will also be required at the signature at the notary.

For that you have provided in your possession:

– Your original deed of sale, showing that you are the owner of the house in question.

– Your mortgage deed by the state of outstanding mortgages on the building

– Your original certificate of location

– Your municipal and school taxes account

– Your return or co-ownership agreement (if applicable)

– The minutes of general meetings (when you live in a divided or undivided co-ownership)

– The financial statements of the condominium (if applicable)

– Invoices, warranties if you have done work.

– Contract your water heater rental, alarm etc. (if applicable)

– Lease rental apartments (if applicable).

If you made a working with rental management company for your building be sure to also have the contract you signed with it to ensure that all the tenant and the administration of your property is in good standing.

Declaration of the seller

You must take reasonable means to convey accurate information to your dealer. The brokerage contract must therefore disclose any factor likely to reduce the value of the home. For example, the house has already had water infiltration? Getting there is pyrite? A special feature of the building makes it the uninsurable or she increases the insurance premium? Are you a non-resident? If so, you must provide a guarantee that you will pay certain taxes imposed by tax authorities.

You must take reasonable means to convey accurate information to your dealer. The brokerage contract must therefore disclose any factor likely to reduce the value of the home. For example, the house she has already had water infiltration? Getting there is pyrite? A special feature of the building makes it the uninsurable or she increases the insurance premium? Are you a non-resident? If so, you must provide a guarantee that you will pay certain taxes imposed by tax authorities.

Condo Fund

The brokerage contract reports from the condominium funds when it comes to a building of this type. Charges for the maintenance and administration of the common parts of the condominium are borne by the fund to be established by the co-owners in anticipation of possible expenses. It is important to note that the money invested in the fund are not recoverable at the time of the sale of the condominium. We must consider these amounts as property taxes.

IMPORTANT

From 1 July 2012, the declaration of the seller form is a party brokerage contracts and therefore must necessarily be completed. Please note that to complete this form requires you to tell the best of your knowledge potential problems that the building might have suffered (infiltration, cracks, etc.), but at the same time protects you from all recourse should there have a complaint by the buyer in relation to these problems (for his promise to purchase has been made with full knowledge of the problem).

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