Whether you are selling or buying a property, you will get acquainted with the certificate of location. It is an essential document. It is not too complicated although it is a little technical. Let us shed some light on this issue.
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The certificate of location is the work of an accomplished land surveyor. It basically contains numbers, such as the dimensions of the land and buildings, the number of floors of the property and its structure. But it mostly contains the general plan of the property: location of the land and pool, cadastral data, limitations, encroachments, servitudes (utility corridor), and the geographical position of all the elements present, from the shed to the hedge, including the vehicle access.[……]
This happens quite often enough. Some homeowners start off by being very happy with their new purchase, but they end up being disappointed. Is it because the property no longer suits their needs? On the contrary! The problem is the area, the neighbours, the public services. Before buying the property, these homeowners thought it was unnecessary to explore the neighbourhood. Bad idea!
You are so excited to have found the property of your dreams that you immediately sign the papers because you are afraid someone else will buy it. The seller, on the other hand, is happy the house is selling quickly, especially if he gets the price he asked for. With no bad intentions in mind, he exaggerates the advantages that come with buying the home. “How far from downtown Montréal?” “Thirty minutes” (when it actually takes an hour) “Where is the nearest subway station?” “A ten-minute walk, at most!” (by bus, maybe) And so on.
The buyer and the seller are both feeling anxious. They’re in a hurry to close the deal. They create illusions. We believe what we want to believe. It’s normal.[……]
Get to know these four people when buying a home. Assemble your dream team for a winning result.
Whether you’re a first-time homebuyer or getting ready to buy your second or third place, making a move can be exciting. But, it also can be intimidating and a bit overwhelming when you consider the many steps you need to take before picking up your new keys.
Fortunately, it’s a lot easier when you work with professionals who know the ins and outs. So consider reaching out to these four individuals during the home-buying process.
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- Real estate broker: You may think looking for potential homes is something you can do on your own. However, first-time buyers and even more experienced buyers can benefit from hiring a real estate professional. They can help you find listings that specifically fit your criteria, including listings that may not be advertised, as well as provide insight into the market. Plus, they can help you negotiate things like price, the date you can take possession and any extras you want included like repairs, furniture and appliances.
- Lawyer or notary: A lawyer or notary may act as an advocate on your behalf throughout the home-buying process. They will help coordinate everything from drafting and negotiating the contract of the sale to examining inspection reports and mortgage documents. Hiring a lawyer or notary early in the home-buying process can save you time and risk.
- Home Inspector: It’s to your benefit to hire a home inspector to look over the home before you buy. A home inspection may cost an average of $450 (may vary by province). But it’s often money well spent, because a home inspector can alert you to issues you may not see on the surface, like problems with the roof, plumbing, electrical, heating or cooling, windows and doors and foundation. Make sure to hire a certified home inspector, ideally with a background in engineering and experience doing home surveys in the area where you are buying.
- Mortgage Specialist: Last, but not least, having a working relationship with a trusted mortgage specialist is essential during the home-buying process. He or she can help review your finances and determine a price range that is realistic for your budget, as well as help you decide what type of mortgage is right for your situation and how much you can afford for a down payment.