FREQUENTLY ASKED QUESTIONS
WHAT SHOULD I DO FIRST?
The first step in purchasing real estate means speaking with your financial institution or a mortgage broker. They’ll make sure your pre-approved so you can determine your budget.
WHY DO I NEED A PRE-APPROVAL?
We want to make sure we know what you can afford so we can avoid disappointment. Pre-qualification means you know what is within your price range, and what potential expenses will look like.
WHAT IS THE DEPOSIT? IS THERE A MINIMUM?
The deposit is negotiable dependant on the price of the home and the length of time between now and possession day. The deposit can be as much as $5,000 or up to 5% of the price or more. The deposit should be available at the time of writing an offer.
WHAT HAPPENS TO MY DESPOSIT?
Your deposit will be made out to the brokerage representing the seller, and will be held in a trust account until you have satisfied your terms and conditions of the offer. When you satisfy those terms, it will be applied against the purchase price.
WHY DO I NEED AN INSPECTION?
It is always highly recommended that you have aproperty inspection done by a qualified inspector. They’ll walk you through the property and address any potential issues.
WHAT IS THE AVERAGE TIME FRAME TO SELL A HOME?
The time it takes to sell a property is different for each property. Each one is unique and fits within a different demographic of buyer. With our services, we’ll directly target the right demographic to help your property sell quickly, and for top dollar!