Signing a listing agreement
The first formal step in marketing your property is to enter into a Listing Agreement - a contract that commits Royal LePage to actively market your home for a specified period of time. It also commits you to a pre-established marketing fee that is to be paid upon the successful closing of the sale.
Leslie K. may require the following documents:
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Real Property Report with Compliance
A Survey of your property which outlines the lot size and location of buildings as well as details of encroachments from neighbouring properties. This is required to complete the sale of your home. A new survey is required significant changes have been made to your property such as a fence (even if the neighbour built it), deck or shed. A stamp of compliance from the City of Calgary is required to prove to the buyer and his lender that everything is in compliance with the City by-laws. -
Mortgage Verification
Few homeowners know the exact balance of their mortgage as it is paid down. You will be asked to authorize your mortgage lender to provide the figures required. This is especially important if you are allowing your mortgage to be assumed. -
Deed or Title Search
This document is a legal description of your property and the proof that you own it. Leslie K. can easily obtain the Title and save you any problems obtaining it. -
Condo Documents
The Seller must deliver original or true copies of the Condo Documents to the Buyer at least 5 business days before the Condition Day. In order for you to sell your condo quickly with minimal problems, you should order the Condo Documents as soon as you decide to sell. If you have them together before you list your condo, it is a simple matter for the Buyer to review the documents and remove conditions. There is a long list of required documents that include: the registered condo plan, bylaws, finacial statements, budget, condo fees, minutes of all meetings, insurance certificate, management agreement, reserve fund, particulars about post tensioning cables, and several other items. Leslie K. would be happy to provide you with a complete list of the required documents. Often Condo Management firms take several days to print these documents for you. If you keep all paperwork delivered to you about the condo during the time that you own it, chances are that you will have the majority of the paperwork required and save yourself a good deal of money.
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Other Documentation
In some instances, it may help the sale of your property if you can provide prospective buyers with information on such items as annual heating, electrical, and water expenses, as well as any recent home improvement costs.