Prepare These Documents to Sell a Home

Posted by Justin Havre on Friday, July 20th, 2018 at 9:18am.

Selling a Home? Prepare These DocumentsHome sellers need to gather important documents before listing a home for sale. Doing so can make it easier to sell a home and reduce the possibility of unnecessary hassles when a buyer wants to go into contract on a home. There may be differences depending on the province or area in Canada in which one resides, however the following documents are some that every homeowner would need to sell their home.

Learn more about required documents for selling a home in Canada today.

Start Collecting Home Selling Paperwork Early

There may be some differences for those who are not selling a single-family residence or who are choosing to sell a home without an agent. Partnering with a reputable local agent often is of great benefit for those thinking of listing their home for sale. The type of property and community in which the property resides may impact the documents needed. The documents below are some of the basic paperwork every seller will need in order to move forward with the sale of their home.

Deed to the Home

It is important to be able to demonstrate ownership, therefore necessitating that an owner is able to produce a deed and title. Such documentation reveals the chain of title, and existing liens or encumbrances.

Land Surveys

Homeowners who are looking to sell a property with a house or other buildings should have a copy of the survey available for potential buyers. The exact measurements as defined on the document will give buyers important information that they may use if they are looking to making substantial upgrades. It is also important to produce the latest survey for any unimproved property that a homeowner may want to sell.

Transferable Warranties and Renovation Contracts

Those selling a home may have recently had work done on the roof or another area that may be covered under a warranty for years to come. New owners will appreciate the ability for a seller to gather any transferable warranties, as such documents may save them money when owning and maintaining a property. A previous homeowner may have had significant upgrades done on a home. A renovation contract provided from a licensed and reputable contractor would also be a useful document to produce for potential buyers.

Property Tax Receipt

A copy of the latest property tax receipt can be of use to buyers as they can learn if property taxes have been paid on the property. If this receipt is unavailable, they may want to know if a property tax recovery notification lien exists on the property, making it harder to sell a home to an interested buyer.

Other types of paperwork may be suggested if a homeowner may need to pay capital gains tax on an appreciated property, is claiming certain investment expenses, has rented out part of the principal residence or is selling a mixed usage property. There are certain documents to gather for the initial sale of a property and others that may be needed when it comes time to pay taxes on sold property.

Create a File With All Necessary Home Selling Documents

It may take time to collect or track down certain documents. Those who are looking to have their home listed as an FSBO property often need to do more legwork than others working with an agent. Some may choose to have their property inspected before selling a home in order to get a better idea of the condition of a home. Such a document may also be of use to potential buyers. This inspection report and the other documents listed above may be included in an information file about the property and made available to Sheep River buyers.

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