purchase a property. This guarantees the property is “as is” and should be without any encroachments. An example of an encroachment might be a neighbour whose garage overlaps the boundary of your property, or a fence you inadvertently erected on your neighbour’s land. All improvements also will be noted on this survey. Many places also require that the boundary of the land be surveyed. Make sure you check with a professional to find out exactly what your area’s specific laws require. Seller declaration. It isn’t uncommon to mandate that a seller provide to potential buyers with certain disclosures about the property being sold. Natural hazards, pest control, lead paint, as well as structural, mechanical, and zoning issues, are just a few samples of common disclosures. It’s often legally incorporated into the purchase and sales agreement. In Quebec, real estate brokers agree that it is one of the best ways to protect yourself against lawsuits. A qualified real estate broker can help you determine specifically what is needed, what you must disclose (and what you don’t), and how you can protect yourself from a lawsuit. A pre-inspection report is recommended. Usually, sellers aren’t required to have a pre-inspection performed, but it’s a good idea. A mortgage-lending bank will probably require certain inspections before loaning the buyer money to purchase your property. If some part of your home doesn’t pass inspection, it could delay or even doom your sale. If you pony up the cash to get a pre- inspection done, you’ll have every opportunity to make repairs yourself, before the bank finds out about the problems.
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