• Big Real Estate Prediction for 2025: What Every Quebec Homeowner Should Know

    Big Real Estate Prediction for 2025: What Every Quebec Homeowner Should Know

     

     

  • Seller’s Declaration: What Every Quebec Homeowner Should Know

    Seller’s Declaration: What Every Quebec Homeowner Should Know

    Why Full Disclosure Matters When Selling Your Home in Quebec

    Selling your home is a major financial and emotional decision, and one of the most critical documents in the process is the Seller’s Declaration. Many homeowners wonder: Do I really need to disclose everything? The answer is a resounding yes! Transparency not only builds trust with buyers but also protects you from legal risks down the road.

    What Is a Seller’s Declaration?

    The Seller’s Declaration is a mandatory document required in Quebec real estate transactions. Think of it as your home’s history report—an official record detailing its condition and any past issues. Buyers rely on this form to make informed decisions, and failing to disclose known defects could lead to legal complications.

    Why Honesty in the Seller’s Declaration Benefits You

    Disclosing known issues upfront may seem counterintuitive when trying to sell your home, but it actually works in your favor. Here’s why:

    1. Smoother Transactions

    Buyers appreciate transparency. If hidden problems emerge during a home inspection, they may get cold feet or attempt to renegotiate. Worse, if a deal falls through due to undisclosed issues, you must legally disclose those findings to future buyers—potentially deterring them as well.

    2. Legal Protection for Sellers

    Failing to disclose known defects could make you liable for hidden defects (vices cachĆ©s). If a buyer later discovers an issue that should have been reported, they could take legal action—leading to expensive settlements or repairs. Being upfront reduces this risk.

    Key Issues to Disclose in Your Seller’s Declaration

    When completing your Seller’s Declaration, be sure to include the following:

    Water Issues

    • Previous water infiltration problems
    • Basement flooding incidents
    • Sump pump installations or repairs
    • Roof leaks or repairs
    • Window and door seal issues

    Structural Concerns

    • Foundation cracks (even minor ones)
    • Repairs to load-bearing structures
    • Windows and doors that don’t close properly
    • Past renovations or modifications

    Home Systems & Services

    • Plumbing problems or updates
    • Changes to the electrical system
    • HVAC system repairs or maintenance
    • If your home is on municipal services or a well/septic system

    How to Properly Document Issues

    Homeowners often worry about how to present past problems. Here’s the best approach:

    āœ… Keep all repair receipts – Proof of repairs reassures buyers.
    āœ… Be specific – Include when the issue occurred and how it was resolved.
    āœ… Highlight preventive measures – Show steps taken to prevent recurrence.

    šŸ“ Related: Property Disclosure

    The Bottom Line: Transparency Leads to a Better Sale

    The Seller’s Declaration isn’t just about legal compliance—it’s about building trust and ensuring a smooth sale. Buyers who feel confident in a home’s condition are more likely to move forward, helping you sell faster and with fewer complications.

    Need Help Selling Your Home?

    At Peter Thompson Real Estate, we guide Quebec homeowners through every step of the selling process—including ensuring your Seller’s Declaration is completed properly. Reach out today for expert advice and a seamless home-selling experience.

    šŸ“ž Call Peter Thompson: (438) 500-8344
    šŸ“© Email: peter@peterthompson.ca

     

  • Quebec Lease Renewal: What Every Homeowner Should Know

    Quebec Lease Renewal: What Every Homeowner Should Know

  • Certificate of Location: What Every Quebec Homeowner Should Know

    Certificate of Location: What Every Quebec Homeowner Should Know

  • Market Update – Q1 2023

    Market Update – Q1 2023

    Here’s what went on in Q1’s market:

    • Stress levels are lowering for both buyers and sellers
    • bidding wars are no longer the common practice

    If you stick around to the end of the video, I share a few reasons why the home prices in Saint-Lazare haven’t decreased as quickly as the 3 other neighbouring areas.

    Never hesitate to reach out to me if you’re interested in your home’s value, even if you’re not considering to sell just yet.

  • What is a Pre-Listing Inspection? A Home Seller’s Complete Guide

    What is a Pre-Listing Inspection? A Home Seller’s Complete Guide

  • How Long Does It Take to Go from Accepted Offer to Sold?