GATHER ALL DOCUMENTS: Organize the paperwork on your home, for your Realtor,
as you will need it to complete the sale. The following are normally
required.
TITLE DEED: The written instrument that conveyed "title" (ownership) to
you. You would
have received a copy when you purchased your property, or it may be held
by your mortgage company or lawyer.
MORTGAGE: The name of the lender and other details about financing. This
information is
needed by the Realtor when the Listing Agreement is being filled out.
Your lawyer will need copies of these documents as well, to complete the
transaction.
TAX ASSESSMENT AND PAYMENT RECORDS: This information is required to
prepare
the Listing Agreement.
UTILITY RECEIPTS: Most buyers will be interested in costs to heat your
home and a general
idea of the other utility costs you pay. Gather your payment receipts
from the past year or two for your Realtor.
ONTARIO LAND SURVEY: This document provides accurate details about your
property's
location, boundaries, size, location of all buildings, and legal
description. Lenders usually require an up-to-date survey to issue a
mortgage.
CONDOMINIUM AND CO-OP HOUSING: There are documents specific to the
purchase and
sale of condominium units, including a description of the organizational
structure of the condominium corporation, how the property is managed,
and a declaration containing the bylaws and rules governing ownership.
Regarding the purchase and sale of co-op housing units, there are special
documents for them as well.
HOMEOWNER ASSOCIATION: Some housing developments share the use and cost of
upkeep for commonly owned land and recreational facilities. Copies of the
homeowner association rules and the most recent fee schedule will be
needed.
