Understanding Warranties and Representations in Real Estate Transactions





When selling your home, it's crucial to navigate the intricacies of the contracts involved, including understanding warranties and representations. As your trusted realtors, we take pride in ensuring our clients grasp the nuances of these agreements to avoid any potential issues down the road.


In the exclusive representation agreement, specifically section seven, also known as the listing contract, sellers affirm that they have the legal right to sell the property they own. This encompasses not only the land and buildings but also any unattached goods. It's essential to confirm that nothing is leased or under contract unexpectedly, ensuring a smooth transaction for both parties.


Furthermore, sellers must assert that the property complies with land use bylaws, ensuring that there are no unauthorized garden suites or violations of zoning regulations. Additionally, any buildings on the property must adhere to restrictive covenants outlined in the title. For instance, certain neighborhoods may have restrictions on the type of roofing materials allowed, a detail that could easily be overlooked but potentially cause complications post-sale.


Why is it vital to discuss these details with your realtor? Because when sellers make these assertions, they are stating them as facts to prospective buyers. Failing to address these matters upfront could lead to misunderstandings or disputes in the future. For example, if a water softener is included as part of the sale but there's a missed payment, it can create unexpected headaches for the new homeowner.


Our role as realtors goes beyond simply facilitating the transaction; we are here to guide you through every step of the process. We take the time to thoroughly understand the contracts involved and communicate openly with our clients, ensuring they are fully informed at every stage. Don't hesitate to lean on us for support and have those crucial conversations about all aspects of the transaction. It's our commitment to ensuring a seamless experience for you, from start to finish.

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