1. The deed of acquisition
As you know, the deed of acquisition, regardless of its type, is always issued at the end of the transactional process. But then, why go looking for it at the start of the sale or purchase process? By simple due diligence! By looking for the last deed of acquisition issued, you make sure you know who the real owners of the property you are interested in are, as well as how and when they acquired the building.
2. Mortgage law
Is there a registered mortgage on the property? Who is the creditor who issued it? What is the amount of the latter? This type of document will allow you to inform your client about the recorded amount.
3. Charges affecting the desired building
Whether it is a notice of exercise, an easement, a legal hypothec or another type of encumbrance affecting the property, it is your duty to inform your client. These charges can also help you to negotiate the offer of the property or to know the previous payment habits of a potential client.
4. The declaration of co-ownership, if relevant
According to the condominium website. info “The declaration of co-ownership constitutes the contract which binds all the co-owners […] which defines the rules of common life and administration of the co-ownership. This will allow you, among other things, to inform your client about the relative value of the fractions, the board of directors, the regulations of the building, the descriptive state of the unit (charges which affect the building , number of private and common lots) and much more.
5. Index to Buildings
This tool allows you to know all the information concerning all the transactions recorded on the lot. For example, if a charge affected the lot, you can be sure whether it was written off or not.
6. Market value
“How much is my house worth”, “How much is this property valued at” or even, “How much should I offer for this house”, are probably questions that you are asked on a daily basis. To answer it properly, having the market value of the property in hand is essential.
The latter will also allow you to argue when a buyer or seller underestimates, or overestimates, the value of his house. You have to be careful not to just take the municipal assessment of the property since it is based on market conditions 18 months before the property assessment roll comes into effect.
See More : http://carhire4less.com.au/property-valuation-is-helpful-for-knowing-house-value/
