Guide to SELLING Your Home

      Signing a listing agreement

The first formal step in marketing your property is to enter into a Listing Agreement - a contract that commits you Agent 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. Your Real Estate Professional may require the following documents:

Plan of Survey or Location Certificate - A Survey of your property which outlines the lot size and location of buildings as well as details of encroachments from neighbouring properties. This may be required in certain areas to complete the sale of your home. Your legal professional may recommend a survey, especially if significant changes have been made to your property.

Property Tax Receipts - Most Listing Agreements require that the current annual property tax assessments be shown.

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.

Deed or Title Search - This document is a legal description of your property and the proof that you own it.

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.

Note: In many provinces you will be required to sign a property condition disclosure statement.

Return to Guide to SELLING Your Home

Please note: when using Modern Living's forms please fill out all REQUIRED FIELDS, or the form will not work. Thank you. Modern Living has answers to your questions and more professional tips to make your real estate transaction more pleasurable. Call or e-mail Modern Living or click on "Ask Your Own Questions." Modern Living can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like us to help you locate a home, please fill out our Information Request Form. Or perhaps you are considering selling your home in the near future, we can also offer you a Complimentary No Obligation Market Evaluation Form

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