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. 

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