Questions Buying A Home

Why should we hire you to represent us as a property buyer or seller?

You can be assured we will do an excellent job for you! Combined we have over 25 years of experience.  We are both professional Real Estate Brokers working under the RE/MAX umbrella - #1 Real Estate Company in Canada and North America


 

What is a Buyer’s Market

A Buyer’s Market occurs when there are more properties available than there are property buyers. This puts the buyer in a good bargaining position as it provides them with more options and a better negotiating position when it comes to making an offer.

When do I need to provide the deposit if my offer is accepted?

This all depends on what the contract states. If it says that you will provide a deposit “Upon Acceptance” of your offer, this means you are required to deliver the deposit either in person or electronically within 24 hours of your offer being accepted. If the offer says “Herewith” that means you should be providing the deposit at the same time that you submit the offer. If the offer says “as otherwise described in this Agreement” this means there should be wording somewhere else in the Agreement (likely the Schedule A) which will describe the deposit details.

Who Pays and What is land transfer tax in Ontario?

Properties sold within Ontario are subject to a Provincial Tax paid by the buyer. Each property is different, as it is a calculation based on the purchase price and the geographical location. To calculate click this tax on this link. https://www.ratehub.ca/land-transfer-tax-ontario

 

What does it cost to hire you as my Real Estate Agent When I am Buying a House?

The good news is that as a Buyer, you are not obligated to pay your real estate sales representative a fee. Rather, the Seller is required to cover the associated costs of selling their property. However, some costs you may need to consider are: and transfer tax, a property inspection, mortgage fees, legal fees and disbursements (including title insurance), closing cost (property tax adjustments), home 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 when you move in.  We can help you figure out approximately what the these expenses will be.