FAQ Q. What are customary costs for the seller? Real estate fees, lawyer or notary fees, any outstanding property taxes, and possibly a mortgage penalty. Q. Can a buyer walk away from an accepted offer? If your listing agent’s marketing strategy is successful and they did a good job, then the buyer will remove their subjects and confirm your sale. Here are some ways to avoid any pitfalls once you have an engaged buyer. Price the property in line with the market so the buyer can get financing from a Canadian Chartered bank. If there is any uncertainty regarding the pricing, get the property independently appraised before listing the property. Ensure that any deficiencies with the property are addressed prior to selling. If necessary contract a building inspector prior to listing to identify any concerns and have these fixed or disclosed correctly on the Property Condition Disclosure Statement. Ensure the agent has gathered all the files from the Resort Municipality of Whistler to determine if all permits are in place in advance of listing the property.
Q. What does time is of the essence mean when we are negotiating?
As the seller, you will need to respond to offers within a certain time period in order to have an enforceable sale agreement.
Q. What happens now that we have sold our property and subjects have been removed?
Besides popping the cork on that bottle of champagne... Your agent will send your file to your lawyer to have the final signing documents prepared. Be sure you are available around your closing date. And in the meantime, start getting the move and clear organized as well as a final clean. For non-resident owners, we need to organize a clearance certificate from Revenue Canada.
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