Real Estate Tips For Canadians

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Whether you're planning to buy or sell a home, there are many different facets involved in the transaction, and at times, the process can seem overwhelming. Even if you've enlisted the help of a highly experienced and qualified realtor, there are some things both buyers and sellers need to be aware of in order to ensure the transaction goes smoothly. Here are a few helpful tips so you can get the most for your money or the most money for your sale.

Weatherproofing And Insulation

Since much of Canada's climate is cold and snowy, good insulation is a must. Make sure the home you're interested in has proper insulation in the walls and attic. Check to make sure all windows are in good condition and sealed well. Do a once-over of the home's heating and cooling system to make sure it's in good working order and ask about other potential heating sources like a wood-burning fireplace. As a seller, it's always prudent to check these things before putting your home on the market so that buyers will be confident their new abode has ample weatherproofing and good insulation to keep them warm.

Understand Clauses

In the Canadian real estate market, there are a few clauses that you can expect to see on a contract. One clause is called the subject to sale clause, and this means that the seller may not be willing to close until they've procured their new home. You may have to wait for an extended period of time before you can move in, depending on how long it takes them to purchase their new home first. Another common clause is the subject to financing clause, which means as a seller, you'll have to wait for an offer to go through pending the buyer obtaining financing. Talk with a realtor about all of the different clauses that could be included before you sell or purchase a home.

Included Items In Sale

When you're buying or selling a home, there are certain items that may or may not be included, such as appliances. These items are known as chattels and can be anything from an outside detached shed to a washing machine. Anything that is not structurally attached to a home is considered a chattel, and the seller can take them along when they move out unless you come to an agreement that they'll be left as part of the sale. Other items to negotiate can include anything from built-in bookshelves to certain light fixtures. Always make sure that you're getting everything you expected when signing a contract to purchase. Follow these tips to ensure you've covered all of your bases when you're in the Canadian real estate market so you can be sure you're getting a good deal. Contact a business, such as Fort McMurray Realty at Century 21 Dynamic Realty, for more information.