To sell your home in Montreal, you’ll need to fill out mountains of paperwork. Some of these will need to be addressed before you advertise your property for sale, while others will only need to be completed once you’ve found a serious buyer. Don’t panic! Take it one document at a time and you’ll get there. Get your paperwork in order to sell your Montreal home!
Selling a home in Montreal involves a certain amount of paperwork that needs to be taken care of. There’s no need to be overwhelmed by a seemingly insurmountable task; this article will help you organize the documents you need to sell your Montreal home. However, we would like to point out that regulations may vary from place to place. Therefore, you should always discuss paperwork with a lawyer or real estate agent before starting the sales process.
The paperwork involved in advertising your home for sale
Comparative market analysis
Before advertising your home for sale on the market, you should carry out a comparative market analysis. This analysis will provide you with information about recently sold properties in the area, which will help you determine how much money to ask for in exchange for your home.
The brokerage contract
The brokerage contract you sign may give your agent exclusive rights to sell your Montreal home. Before signing a contract, make sure you understand what’s included and what’s not.
In addition, you may be subject to certain provincial regulations when your home is for sale. Make sure you’re in good standing to avoid extra charges!
Disclosure of information on the condition of the property
You must disclose any defects in your property to potential buyers by means of a seller’s declaration. The law protects the buyer, and any known undeclared item could land you in legal trouble.
Receipts and renovation history
Your buyer will want to know what work has been done on the property and when. He’ll ask you which company you’ve done business with and whether a warranty was offered. We strongly advise you to keep all your invoices in a well-organized file. This will make information much easier to find.
Preliminary report on real estate titles
The preliminary title report will allow you to demonstrate to buyers that the property belongs to you, that you pay your taxes regularly and that no debt will prevent the sale of the building.
Warranty information
Your buyer will also want to know if the building is still under warranty, and will certainly ask if your furniture and appliances are too.
The paperwork involved in receiving an offer
The offer to purchase
An offer to purchase defines the terms and conditions of sale and indicates that the buyer has a real intention to buy. This is not the sales contract. Indeed, both you and your buyer will have the opportunity to modify the terms of the agreement as more information is shared and the sale is negotiated.
Assessment
If your buyer needs a mortgage to complete the purchase, you’ll need to have your property professionally appraised. If the value determined at appraisal is less than that offered by your buyer, you may have to negotiate with your buyer and his creditor, or the sale may simply fall through. (To avoid the hassle of an appraisal and the stress of a cancelled deal, you can sell your property directly to the Vendre Maison Vite team. Our clear and transparent sales process allows us to buy quickly, without having the property appraised).
The inspection report
The inspection report clarifies any building defects that need to be corrected, from cracks in the foundation to infestation. If the inspector finds a problem that you didn’t disclose in your seller’s declaration, your buyer will probably ask you to lower your price or fix the problem before closing the sale.
The sales contract
The contract of sale is the final contract in which all the details of the sale are set out, along with clauses designed to protect each of the parties. It will define the amount paid, the amount due and the various deadlines.
The notarial deed
The notarial deed is the last document to be completed. This document makes the transfer of ownership from one person to another legally official. The notarial deed must be completed and registered as quickly as possible.
We take care of all the paperwork!
Completing the above-mentioned documents is only a small part of what needs to be done in order to sell your Montreal home the traditional way. However, if you sell your home directly to the Vendre Maison Vite team, you won’t have to deal with any paperwork at all! You won’t waste time wondering if you have the right document or if you’re filling it out correctly. Our team of experienced buyers will take care of everything, making sure the process is smooth and fast. If you’re ready to sell your Montreal home, we can make you a cash offer! If you agree, we’ll take care of the details and bring the sale to a successful conclusion!
