Your listing checklist
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Your listing checklist

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Your listing checklist Your listing checklist Presentation Transcript

  • Listing Checklist
    • There are some things the Courts always expect you to check when listing a property for sale
  • These include the physical features of the property and its legal and financial characteristics
  • Physical Features
  • Measure and confirm:
    • Floor area and room sizes
    • Lot size
    Any recent construction, renovations or improvements
    • Necessary building permits obtained?
    • Any builder’s liens made or threatened?
  • Legal and Financial Characteristics
  • General
    • Surface search or State of Title Certificate ordered
    • Confirm location and size of property from Land Title Office or Municipal plans
  • Financial Encumbrances
    • Are there mortgages , liens, judgments or other financial charges outstanding of the property?
  • Assumable Mortgages
    • Check mortgages
    • Confirm with lender the outstanding balance
    • owing under the mortgage and if it can be
    • assumed by the buyer
  • Easements, Rights of Way, Restrictive Covenants
    • Is there anything on title that could restrict a
    • buyer’s use of that property?
    • If so, get a copy of the registered charge
    • and read it
    • Recommend buyer obtain legal advice as to
    • terms of such liens
  • Strata Properties
    • Review the By-Laws for restrictions
    • Get from the Strata Corporation official
    • whether there are:
      • Any special assessments voted on or
    • proposed
      • Any pending rules or strata by-law
    • amendments which may alter the uses of the property
  • Tenancies
    • Get details of any tenancies from seller
    • Rental security deposit
  • Zoning
    • Confirm current zoning status
    • Get a copy of most recent property tax assessment
  • Basic Practice For Measuring Living Area
  • Measurements are taken from the outside surface of the exterior walls for detached houses . Townhouses are measured from the centre line of the party walls and the outside surface of exterior walls.
    • Semi-detached and end units of townhouses are measured from the outside surface of exterior walls and the centre line of party walls
  • Prior to taking any measurements of the structure, first prepare a rough outline sketch or layout of the perimeter of the building. Indicating all dimensions of this sketch will serve as a check when comparing the front width dimension to the rear width and similarly, when comparing the two length dimensions.
    • Living area includes the square area of all utility rooms, storage areas and cupboards, located on the same level(s) as the main living area(s)
  • The following should not be considered or included as being part of the living area of residential buildings:
    • porches
    • sundecks
    • closed-in patios
    • screened-in decks
    • garages
    • carports
    • cold rooms in basements
  • Remember Check with your local Real Estate Board and Real Estate Council for any Rules and Regulations that they may have.