You Will See When Selling Your Home
have made reference to a number of documents used in the process of selling your
home. Following is a list of these documents and a brief explanation:
With A Real Estate Agent
This brochure has been prepared by the British
Columbia Real Estate Association and is used to help explain the relationship
between you and your Realtor. Using this brochure I will discuss with you the
three types of agency representation (Single Agency, Dual Agency, No Agency).
I will also discuss with you the capacity I will be working with you and what
my duties, obligation and responsibilities to you the Seller are. I will ask you
to sign the disclosure statement in the brochure. This is merely a statement indicating
that the Agency relationship has been explained to you, and does not obligate
you in a any way to use me as your Realtor.
Listing Service (MLS) Contract
This contract outlines the terms and
conditions of the listing contract, including:
price of the property.
address and legal description of the property
existing financing arrangements
list of items (known as fixtures) that will not be included in the sale, i.e.,
a light fixture
expiry date of the listing contract
listing contract is the Seller's agreement with the Listing Agency. Generally,
a Seller can cancel the listing contract provided both parties agree. I go one
step further and guarantee the quality of my service to you. If you are unhappy
with my service, or if you change your mind about selling your home, I will cancel
the contract without any further obligation to you. As with other services, there
is GST (but not PST) payable on the agreed upon commission.
Condition Disclosure Statement (PCDS)
Every listing placed on the Multiple
Listing Service (MLS) must be accompanied by a Property Disclosure Form, which
must be filled out by you the Seller. In this form you (the Seller) indicate,
to the best of your knowledge, various aspects of the property, defects of which
you are aware, age of roof if know, any upcoming expenses (as in special assessments
in strata titled properties) , etc.
Realtor is not permitted to fill out this form. The Buyer receives a copy of this
form, and once an offer is agreed upon, the form becomes part of the Contract
of Purchase and Sale.
Of Purchase and Sale
This standard form in the basic contract signed
by the Buyer and the Seller. It sets out every aspect of the transaction, including:
sale price; the terms and conditions; the date that the Seller will be paid for
the property; the date that the Seller hands over the Keys; the inclusions and
exclusion; the handling of existing tenancies; the deposit; and other legal matters
as described in the preprinted contract and added clauses. My responsibility is
to ensure that the contract is written correctly and meets your needs and expectations.
& Tips for Successfully Selling Your Home
Out What Your Home is Worth...
the market is constantly changing, get an up to date evaluation.
You Sell Your Home Yourself... the important questions you need
Steps to Selling Your Home... find
out the most important steps in planning the sale of your home.
Your House Right... determining your "asking price" is the most
important step in preparing your house for sale.
Does Assessed Value Relate to the Market Value of Your Home? ... find
out the difference between the two.
is the MLS... one of the most important tools used for selling
Your Home for Sale... selling your home faster and for a potentially
You Will See When Selling Your Home... understanding all of the
Costs... don't forget about closing costs when you are selling your home.