The Property and Legal Description tab is where you enter the subject property address, type and legal description. The top section is where information pertaining to the Civic Address is entered. Postal Code Find searches Canada Post. The section at the bottom brings in information directly from ISC.
Municipality is brought in from the title. If it is not in your database, add the Municipality to your database.
If Farmland is checked under Contract Details, you will have the option of selecting which parcel of land is the Homestead.
The Contract Details tab includes all information pertaining to the Agreement of Purchase and Sale, with some overlap from the previously completed tabs, such as Contract Date, Possession Date, Contract Price, Transferee(s), and Transferor(s).
For the Vacant Land field, the default selection is No. Select Yes if it is relevant.
For the Farmland field, check the relevant box. If a Homestead is relevant, check the box indicating this. You will then have the option to identify the Homestead under the Property & Legal Description tab. If the property is an Acreage, check the relevant box.
For new homes, select Yes for the option to separate GST and PST. Deposits are entered with a dropdown to show who is holding the same.
At the top of the Contract Details tab, users have the option of selecting Yes to ‘Is this a new home?’ and showing the PST and GST separately.
Users can either enter the Amount of PST on New Build, or select New Build Value Amount from the dropdown and enter the amount indicated.
Calculations are dependent on whether or not contract Price Includes GST and PST - user identifies this by checking respective boxes.
Add additional items, such as grain bins or farm equipment, select Add Extras under the Consideration field.
Real Estate Broker information is entered and calculations are performed in this section. Check out this article for more information about the Real Estate Agent search in RealtiWeb.
Add the Vendor’s Realtor, and enter the Fixed Commission (do not include GST/PST in this field, as these fields will populate automatically).