Listed Property
July 13, 2007
Review and confirm all legal descriptions and ownership details
Establish the heated square footage of the interior and measure all room dimensions
Review owners survey, if there is no survey make a note on the listing
Obtain and make a copy of any house plans if available and place a copy of the survey in the clients file
Confirm with the sellor the best time to show the property and prepare instructions for the salespeople involved
Have Mortgage Verifications Forms signed and submitted to mortgagor
Check to see if the mortgage can be assumed or if the mortgage can be discharged and what penalties would be invoved
If possible, discuss the option of the vendor take back (vtb) and other options
Next review any appraisals, condominium fees, bylaws or homeowner association fees that may be applicable
Calculate utility usage and water usage for the past 12 months and verify the availability of any septic bed layout
The water may be municipal or well water. If well water confirm the status by having the Health Unit test. If municipal check on rates for the past 12 months
Note if appliances such as furnaces, hot water tanks and security systems are rented and if not investigate the terms if needed
Check if any lead based paint needs to be disclosed
Compile a list of recent home improvements, chattels included in the sale and list the property features such as pool, sauna and special plants.
If property is vacant advise Seller to inform there insurance company. Have extra keys made for the lockbox
If the property is rented make copies of all rental agreements, inform tenants of the listing and verify and list all rental amounts and deposits held
Arrange for the implementation of For Sales Signs and assist seller to fill in the Seller Property Information Statement
Load listing into personal database for transaction management and arrange for a office tour/MLS tour of the property.