SELLER FAQ

  • What is the value of my property?

    The market determines the value of your property, so your property is only worth what a buyer is willing to pay for it.

    When considering an ideal list price, it is important to consider the following important points:

    Location, size, condition, current market conditions, current interest rates & local competition.

    One of the best ways to determine the approximate value of your property is to complete a comparative market analysis (CMA) in order to compare your property to other similar properties that have recently sold in your area. Contact us today to book an appointment to receive your CMA.

  • How long will it take to sell my home?

    The time it takes to sell a home can vary based on several factors, including the local real estate market, the condition of your property, and the asking price. While some homes sell quickly, others may take longer to find the right buyer. We can provide insights into current market conditions and comparable sales data to give you a realistic expectation of how long your home might be on the market. By pricing competitively and presenting your home effectively, you can increase your chances of selling within a reasonable timeframe.

  • I have heard the term “CMA” a lot. What does that stand for?

    CMA stands for “Comparative Market Analysis”. This is a document we prepare for our clients who are looking to sell their home. This document is based on many different factors such as recently sold properties in your area, features those properties had, features your property has, size of the properties, age of the properties, etc. After completing thorough research, we will compare your property to the other properties in order to assist you with determining a realistic list price. This document is very beneficial to sellers when deciding to list their home.

  • What costs should I expect when selling my home?

    Selling a home involves various expenses beyond the sale price, so it's essential to budget accordingly. Common costs include real estate agent commissions, lawyer closing costs, potential repairs or upgrades to prepare the home for sale, and any outstanding mortgage balances or liens.

BUYER FAQ

  • How much do I need to save up for a down payment?

    5% is the minimum requirement for a down payment in Canada and it is a great place to start. The average first-time buyer puts down 7%. You can work with a mortgage lender to play around with numbers and see how your downpayment amount offsets your monthly payment.

  • Why should I get a mortgage pre-approval?

    By getting pre-approved for a mortgage before you start looking at homes in person, you are putting yourself in a much better negotiating position for when you find the perfect property. In addition to this, you are able to determine what you can afford before falling in love with a property that may be out of your reach.

    If you would like local mortgage agent recommendations, contact us and we can put you in contact with qualified and professional mortgage specialists.

  • What should I do when I see a house online that I like?

    Text us, your buyer’s agents. It is best that you work with a specific buyer’s agent throughout your search because that person learns what you like and dislike and will invest a lot of time vetting properties for you. That person also represents your best interests only. When you call the agent advertising the home, you are dealing with the seller’s agent, so, while they can assist you, they are also representing the seller’s best interest.

  • Can you show me a house if it's not your listing?

    Absolutely! As buyer’s agents, we can show you any home listed in our MLS system, and can even contact FSBO (for sale by owner) sellers on your behalf. As mentioned above, working with us as your buyer’s agents ensures that your best interests are protected.

  • What are my costs as a buyer?

    The good news is that as a buyer, you are not on the hook to pay your real estate sales representative! The seller covers the costs of selling their property, which includes your buyer agent’s commission.

    However, some costs you may need to consider are land transfer tax, property inspection, deed or mortgage registration, legal fees and disbursements, closing adjustments, home and property insurance, moving expenses and connection charges for gas, electrical and water. In addition to these potential costs, you may need to budget for any repairs that may be needed upon obtaining possession of the property.

Final FAQ

  • Why should I choose a local realtor to represent me?

    Choosing a local realtor to represent you offers numerous advantages that can greatly enhance your real estate experience. Local realtors possess intimate knowledge of the neighborhoods, market trends, schools, amenities, and other crucial factors specific to the area. This expertise allows us to provide valuable insights and guidance tailored to your preferences and needs. We also have established relationships with other agents, vendors, contractors, and professionals in our community. This extensive network can be leveraged to your advantage, whether you're buying, selling, or navigating the intricacies of the local market.

  • Why should I hire you specifically?

    We are deeply passionate about delivering exceptional service to our clients throughout their real estate journey. Our commitment is unwavering, and we work hard to go above and beyond to help our clients achieve their real estate goals. With a track record of success in assisting clients with selling and selling properties, we take pride in providing first-class service tailored to their needs. We would love the chance to help you reach your real estate goals. Feel free to reach out to us anytime with your questions or concerns. Whether you're ready to make a move now or planning for the future, we're here to assist you every step of the way.