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Frequently Asked Questions
Belleville Real Estate, Quinte Real Estate, CFB Trenton Real Estate Relocations
When is a good time to buy a house?
Anytime is a good time, if financing has been arranged and you have found a home you like, try an offer.
How much can I afford to spend?
First stop in buying a house is the bank, they will give a pre-approved mortgage that will tell you how much you can afford and lock in an interest rate for a determined period of time.
Do I need a real estate agent to buy a house?
Highly recommended, it normally doesn't cost anything and you can have many years of experience working for you.
How much will it cost me to sell my home?
The commission is the selling price of the home multiplied by the % of commission you agreed to pay in your listing contract.
Where does the money go when I sell my home?
The money is split between the listing company and listing agent and the selling company and the selling agent. (this may change if a Purchaser's Agency Agreement has been signed) Sometimes a referral fee is also payable from the commission.
Do I need a home inspection when I buy a home?
Depends on your level of expertise, an inspection is highly recommended and will vary in price from $150.00 to $350.00
If I'm selling my house what do I need to know?
Too many things to list here but market values, experience of the agent, market share of the company, where your home will be marketed, commission and servicing are some of the things to look for.
How do I find a real estate agent?
If your friends & relatives had a positive experience buying or selling a house ask them for the name of the agent , try some open houses (don't leave your name unless you want to hear from them), call the manager of an office and tell him what type of agent you are looking for and he will match you with a suitable agent.
What else can a real estate agent help me with?
Lots of things such as lawyers, inspections, surveyors, information on the neighborhood, financing,, moving, negotiating the offer, potable water certificates, water well records and market value are some items an experienced agent can help you with.
What are some other costs when buying a home?
Some costs when buying are land transfer tax, lawyers, inspection reports, appraisal fees and surveys.
What are some of the costs when selling a home?
Some costs when selling are commission, discharging your mortgage, lawyers and inspection report for selling.
Can I use my RRSP to buy a house?
Yes you can if you are a first time buyer, up to $20,000.00.
What are some helpful websites to visit when buying or selling a home?
Do you have a question that hasn't been answered here?
Need Real Estate advice?
Contact Pat with your questions.
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