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What is an APS, and how do I prepare one?

APS stands for Agreement of Purchase & Sale. It is a legally binding contract used in real estate transactions. You can use the standard form Ontario Real Estate Association (“OREA”) APS but, a custom APS can be drafted. When drafting your own APS, here are some important information that you should include: Closing Date, Requisition Date, Irrevocability, Time is of the Essence, Chattels Included/ Fixtures Excluded, Adjustments, and Time and Date.

How do I determine the selling price of my house?

In determining your house’s price, you can use online estimators, but it is much better to have a professional realtor do this job. There are a lot of things that a realtor considers. This includes the square footage, number of bedrooms, number of bathrooms, upgrades to kitchen, window quality, roof age, lot features, location, style of residence, and flooring type.

Do I always need a real estate agent when selling a property?

It is okay if you don’t get a real estate agent when selling your home, but having one may be more advantageous. Real estate agents can give you professional advice on what to include and what to leave out of your listing to make it more attractive for potential buyers. They can also help you in the marketing aspect and in selling your home faster.

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