One of the most frustrating questions a first time homebuyer may ask is how to get notice of assessment in Canada. Depending on the region you live in, not all real estate sales and revenue announcements are advertised. In fact, some of them never make it to the newspapers at all. Some will end up online or in the local phone book. Click here to know how to get notice of assessment. The answer is actually not that hard. One thing you can do to get notice of assessment is inquire with the local revenue service where you live. All Canadian municipalities have a procedure for reviewing assessment grants and property assessments. You can usually expect to be provided with an address of the assessor who will be handling your property. If the address is not on file, try calling the municipality's tax office. Once you have this information, you should follow it up with a certified mailing address if one was provided. Then, send a certified letter to the registrar of deeds notifying that you have received notice of assessment. Also include an application for an additional property value based on the value of the property for sale and a completed sales price statement. You will probably need to get a mortgage broker ontario or a realtor to assist you with these documents. After you receive the notice, it's time to contact your property owner to find out what his status is. If the property taxes didn't already appear on the purchase agreement, you should find out from the seller. If the taxes did appear, your next step is to get a property appraisal done to determine the property value. With that information, you can shop around for a comparable property. Most realtors will be able to give you a very good idea of what you can expect to pay for a similar property in the same area. As a result, you can adjust your offer accordingly. Once the seller finds a comparable property, he may consider lowering his price or selling to you. In either case, don't hesitate to ask for a lower assessment value. Most sellers will be more than happy to do this so as to avoid the cost of a foreclosure proceeding on their end. Once you've negotiated the property value, and hopefully obtained a reasonable offer (and a buyer! ), you're ready to learn how to get notice of assessment in Canada. Wait until the owner has settled into his property and begun collecting his property taxes. Then, collect a certified copy of the assessment and begin negotiating. Good luck! Read more about loans at https://en.wikipedia.org/wiki/Loan.
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