Ron Matin
Selling or buying a home is the biggest deal most of us have ever been involved in. However, sometimes people spend less time buying a new car. This is because this area is unfamiliar to many of us. We do not understand the process, so we do not know what questions to ask. We may take things for granted when we should not rely on others, and sometimes we wish we learned more about the process.
Matin Homes can help. We protect the general public by setting and enforcing behavioral, educational, competency, and licensing standards for real estate professionals in Vancouver.
Professional evaluation of the original purchase of your home
A valuation or an appraisal is a professional valuation of the fair market value of your home that determines how much the mortgage lender is giving to the buyer. You need a new appraisal to drive sales unless you work with a cash buyer who does not need financing. You must provide the buyer with a valuation report from the time you purchased your home, as well as any documented updates since the initial appraisal, such as refinancing documents.
Mortgage application or repayment amount
If you wish to sell your home before your current mortgage is repaid in full, contact your bank or service provider and request a statement indicating the history of your repayment amount. The repayment amount is the amount you have to pay to qualify for your mortgage, including your interest until the day you plan to repay all of your loans. The refund usually differs from your current balance, which appears on your last bill and may not include interest. According to the Consumer Financial Protect Bureau, your lender is obliged to provide you with a repayment amount, so do not hesitate to apply. With this information, you can calculate the income from the sale of your home.
Homeowners insurance records
Buying a house is a stressful job. To help your buyer overcome the stress, it is always preferable to be absolutely clear with your buyer about damages and repairs. A document of the homeowner’s insurance policy and a report or a list of all your home claims from the time of purchase is perfect. It also determines the amount a homeowner’s insurance will cost when moving in the newly purchased home, adding transparency to the deal when selling your house.
Homeowners Association Documents
If you are a part of the homeowner’s association, you need to provide the documents of association governing:
- Articles of incorporation
- Bylaws
- Rules and regulations
- Homeowners dues amount statement
- Copies of the minutes from the association’s meetings of the past two years
- The Declaration of Covenants, Conditions, and Restrictions
Manuals and warranties
The home appliance manual and warranty inform the buyers how they inherit the items when moving in. When selling your house, providing the manuals for items such as dishwater, oven, refrigerator, etc., will help the new buyer’s accommodation convenience.