To facilitate the process and speed up the sale, here are the documents to have on hand:
- Certificate of location describing the current condition of the building;
- Deed of sale;
- Invoices justifying the execution of work (re-roofing, changing windows or other renovations);
- Electricity, gas, municipal and school tax accounts;
- Latest mortgage statement;
- Home insurance documents;
- Any document necessary for the file (septic installations and water supply, etc.).
If you are a condominium owner, you must also provide:
- Declaration of co-ownership;
- Certificate of location of the private part and the common parts;
- Undivided agreement for an undivided condo;
- Financial statements;
- Minutes of the last meetings;
- Building regulations;
- Information on the contingency fund and reserve fund.
If you own an income property, you must give :
- Copies of current leases;
- Home insurance documents;
- Invoices for repairs made;
- Contracts for related expenses (snow removal, lawn care, maintenance, etc.).
What is the seller's declaration?
This form draws up a portrait of the property for sale. It allows the buyer to obtain details on the current condition of the property and protects both parties. Don't worry, your Proprio Direct real estate broker will fill it out with you when you sign your brokerage contract!
This declaration will help you avoid possible recourse from the buyer. In addition, the Seller's Declaration on the immovable is available to all buyers who want to make a promise to purchase, brokers, building inspectors or any other person involved in the transaction. When you receive a promise to purchase, the buyer must sign the form and attach it to the promise.
Please note that if you refuse to complete or sign it, the broker will not be able to execute its brokerage contract.
You must therefore answer the questions on the form to the best of your knowledge and provide information in good faith about the history of your property as well as documents supporting your statements. The questions cover various aspects, such as:
- The year your property was built and acquired;
- The status of your mortgage;
- Foundation type;
- Easements;
- Water damage;
- Soil contamination;
- The presence of pyrite, radon, weeping merula, asbestos, etc. ;
- The condition of the roof, plumbing, heating;
- The presence of cracks or infiltrations;
- Repair or renovation work done, with evidence if possible;
- Revenue (in the case of an income property).