August 9, 2017 By Home Buying Manager Off

What the Seller has to do after they have accepted our proposal

Preparing to sell your property to us:

1) Documents. Review all the documents. Usually there is a main Agreement, a waiver, a Power of Attorney (POA), a Form A and a Form C.A) The main Agreement outlines the terms of the Agreement.

B) The waiver acknowledges that you understand the process.
C) The POA allows us to manage and get information about the mortgages, taxes, strata etc. without having to bother the seller.
D) The Form A is a transfer form that is kept on file to use in the completion when you are paid out and the property will transfer to the new buyer.
E) The Form C allows us to register our Agreement on the title.

2) Signatures. Get your signature notarized on the ALL the documents and send us an original copy.

3) Tenants. Tell your tenant that there will be a new owner/manager and payment location from the start date of your Agreement. Provide the Notice of Change of Landlord to the tenant. Please provide name, email and phone number for tenant.

4) Mortgage. Provide the details and account information that allow us to make the mortgage payments. Online access is best.

5) Strata. Provide the account information and access to allow us to make Strata payments. Online access is best.

6) Taxes. Provide the account information and access to allow us to make tax payments. Online access is best.

7) Insurance. Provide a copy of your insurance if applicable.

On the effective date of your Agreement:

1) Double check that the tenants know who to contact and where to pay rent

During your Agreement term:

1) Relax and let us handle the property until we pay you out. We may occasionally ask you to assist us by providing statements or access to the mortgage, tax, strata, or other property related documents.