The documents you need on hand to sell your property quickly
Selling a property can sometimes be a complicated and lengthy process, but by ensuring that you have all the necessary documents readily available, you can increase your chances of quickly and effectively closing the deal. Here is a list of essential documents you should prepare before putting your property on the market:
- Property survey: This document describes the current condition of the building, including any cadastral renovations. It is essential for buyers to have a clear understanding of what they are purchasing.
- Deed of sale, loan agreement, and mortgage guarantee: These legal documents are necessary to finalize the transaction. They should include any penalties that may be associated with the sale.
- Updated mortgage statement: This document details the remaining balance on your mortgage. It is crucial for potential buyers to have a clear understanding of the financial obligations associated with the property.
- Inspection report and any other expertise: If you have had a property inspection or any other expertise conducted (such as a moral report for the area), it is important to have a copy available for potential buyers.
- Results of specific tests: In some areas, tests for pyrite, vermiculite, iron ochre, etc., may be required to ensure the quality of the property. If this applies to your property, you should be able to provide the results of these tests.
- Invoices for renovations made to the property: If you have made renovations or improvements to the property, keep track of all corresponding invoices. This will prove to buyers that the work has been carried out by trusted professionals.
- Condominium declaration and building regulations: If your property is part of a condominium, you will need to provide a copy of the condominium declaration as well as the building regulations. This will allow buyers to understand the rights and obligations associated with the condominium.
- Lease or leases for rental properties: If you are selling a rental property, you will need to provide a copy of the lease or leases associated with each unit. This will allow buyers to assess the potential income from the property.
- Municipal and school tax statements: Buyers will want to know the amount of property taxes and school taxes associated with the property. An up-to-date statement of this information is crucial.
- Monthly electricity expense statement: If you have monthly electricity expenses for the property, such as condo fees or maintenance fees, make sure to keep a record of them for future buyers.
- Lease contracts (alarm system, water heater, etc.): If you have lease contracts for specific equipment, such as an alarm system or water heater, be sure to include them in the documents to be provided to potential buyers.
- Purchase contracts for equipment: If you have purchase contracts for equipment in the property, such as a heat pump for example, make sure to include them as well.
- Insurance documents: Keep a copy of all property insurance documents. Buyers will want to know the details of the insurance coverage.
- Statement of fixed expenses associated with the property: Finally, compile a statement of fixed expenses associated with the property, such as maintenance fees or condo fees. This will help buyers estimate ownership costs.
To ensure that administrative hassles do not slow you down, follow our comprehensive guide and make sure you have all the essential documents in your possession. Click here to discover the secrets to a successful real estate sale and increase your chances of quickly closing the deal!
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