Common questions that home sellers ask
Q. I am thinking about moving and would like to know how much my property is worth. Can you help and how much will it cost?
A. Yes, I can help you determine the current market value of your property by preparing a complimentary Comparative Market Analysis. The process is done in two steps. First, I visit your home for a few minutes to meet you and to view the property and its features. After I do my research, I revisit you to review the CMA findings. There's no obligation and no pressure... I'm always glad to help.
Q. What's the difference between a Comparative Market Analysis and an Appraisal?
A. Both are estimates or opinions of market value. A comparative market analysis is typically prepared by a licenced Realtor©, often at no cost to a prospective client. There are no standards relating to the comprehensiveness or quality of a CMA; therefore, the value of a CMA depends largely on the expertise, experience and effort of the Realtor©. An appraisal is prepared by a professionally-designated appraiser. Residential appraisals may cost several hundred dollars depending on the services provided. I always encourage clients to seek expert legal, financial and/or other professional advice if they have any questions or concerns about buying or selling real estate. On request, I would be pleased to provide referrals for members of the Appraisal Institute of Canada.
Q. What real estate forms does a Seller have to sign?
A. When you sell a home or condominium, there are a number of forms you may be asked to sign. Below are the most commonly-used real estate forms for your review. Please let me know if you have questions about any of these documents.
Note: Many real estate lawyers disagree about whether Sellers ought to complete a Seller Property Information Statement due to several ambiguous questions on the form that may lead to future liability. I always encourage clients to seek expert legal advice before signing an SPIS. (For more information, see SPIS Controversy.)
If you would like more information about selling your home, please contact me. I would be more than happy to help. budloughlin@royallepage.ca
Please let me know how I can help YOU by Clicking Here
