Checklist: 5 Important Documents You Need to Sell Your House

by | Nov 14, 2022

Despite the Bank of Canada’s recent interest rate cuts, Montreal’s housing market remains strong. But entering the market as a seller requires more than just finding the right buyer. It also involves having the necessary documents in order.

You may have the best real estate agent or prepared your house to be the most beautiful on the block. However, without the critical documents, your sale could hit roadblocks. To ensure you have everything you need, you must check for essential documents before listing your property.

The Importance of Documentation

Having the proper documents helps facilitate a smooth transaction and protects both the buyer and seller from potential legal issues.

1. Title Deed or Proof of Ownership

This document proves that you are the legal and true owner of the property and have the authority to sell it. Without this, you risk the transaction being invalid.

2. Deed of Loan

If you have a mortgage in progress, you will need to provide proof of the settlement of the loan. Or you need to make arrangements for the buyer to assume it. You don’t necessarily need to pay off the entire loan before selling, but not informing the buyer can lead to complications with the sale.

3. Declaration of Co-Ownership (if applicable)

If you are selling a property with co-owners, it’s essential to provide documents that list all parties involved in the transaction and outline any agreements made between them. This can prevent issues, such as one co-owner refusing to sell or disagreements over the distribution of profits.

4. Certificate of Location

This document, provided by a certified surveyor, gives an official record of the property’s boundaries and any encroachments on the land. This is important for both the seller and buyer to understand the inclusions in the transaction clearly.

5. Contract to Sell

Finally, it’s crucial to have a signed contract outlining the details of the sale, including the agreed-upon price and any conditions or stipulations. This paper serves as legal protection for both parties and helps prevent misunderstandings.

How a Real Estate Agent Can Help

Navigating the paperwork involved in selling a property can be overwhelming, but an excellent real estate agent will make sure you have all the necessary documents. They can also advise on any additional documents that may be required, depending on your specific situation.

So, when it comes time to sell your property, don’t forget to check off these essential documents on your checklist. It may seem like a small step, but it can make all the difference in ensuring a successful sale.

Secure All Documents Before Listing

Before putting your property on the market, gather all these important documents. This will save you headaches during the sale process and help ensure a successful and legally sound transaction. Need help figuring out what documents you need? Consult with a trusted real estate agent in Montreal. Anthony D’Anello is a certified real estate broker with years of experience helping clients navigate the Montreal housing market. Contact him today for expert advice and guidance.