Signing a Listing Agreement

Signing a Listing Agreement

The first formal step in marketing your property is to enter into a Listing Agreement – a contract that commits us to actively market your Muskoka cottage or home for a specified period of time. It also commits you to a pre-established marketing fee that is to be paid upon the successful closing of the sale.

We may require the following documents:

Plan of Survey: A survey of your property which outlines the lot size and location of buildings as well as details of encroachments from neighbouring properties. This may be required in certain areas to complete the sale of your home or cottage. Your legal professional may recommend that you obtain a survey, especially if significant changes have been made to your property.

Property Tax Receipts: Most Listing Agreements require that the current annual property tax assessments be shown.

Mortgage Verification: Few home or cottage owners know the exact balance on their mortgage, as it is paid down. You will be asked to authorize your mortgage lender to provide the figures required.

Deed or Title Search: This document is a legal description of your property and proof that you own it.

Other documentation: In some instances, it may help the sale of your property if you can provide prospective buyers with information on such items as annual heating, electrical and water expenses, as well as any recent home improvement costs.