I am going to list a house for sale in ontario within the next 2 weeks. In a previous sale of a home in Toronto (2001), the realtor included the following statement:
"PLS NO CPPS OFFERS" on the information page/brochure providing a full description and details (# of rooms, dimensions, taxes, lot, etc) of the house.
I cannot recall the exact meaning of CPPS. I don't know whether the term has changed or is obsolete. Would you please explain CPPS, whether it is (commonly) included in listings in 2015 and an example of why or why not? It is important for me to know if I should request this be written into the listing agreement for my protection/ advantage as a seller.
The house and property are in the only "exclusive, naturally mature and desired neighbourhood". House prices range; the asking price for this approx 5500 sq ft home on over .5 but under 1 acre lot (my husband passed after just turning 56 and prior to my 50th birthday) will be approx $440,000. It may be 10-15k higher or possibly $435,900 but no lower.
I have made several notes of specific, relevant information based on your thorough explanation and knowledge of real estate terms in this well written document.