Knowing exactly what you can afford before you start to look is hugely important. Starting out with your pre-approval ready to go is imperative. If you've done a pre-approval already, a second opinion is always recommended. I offer a free, no obligation Mortgage Analysis by a Mortgage Broker that looks at your needs and identifies options.

Keep an open mind. If you’re looking for a house, you might also look at condos or townhomes. DON’T BE FOOLED BY FIRST IMPRESSIONS. Part of my work is to help you look beyond the décor to its true investment value. LOCATION, LOCATION, LOCATION. Buyers will have to carefully consider locations and neighbourhoods against the sizes and conditions of the housing stock

While you’re eager to start your search, remember that sellers and or tenants often ask for overnight notice to prepare the home for viewing. Some specify specific days and times. As a rule, extended visits of more than 30 minutes aren’t practical for the first viewing. Common courtesy dictates no smoking in or around the property and the removal of footwear in all weather conditions. You may take photographs only with the approval of the seller or their agent. Last – but not least – if you have a question during a viewing where the seller is present, it should be directed to your agent.

We establish what a fair market value will be based on comparable properties that have sold or other comparable properties available. From there, we'll work together to establish what you’re willing to pay. We will build in room to negotiate if we think the home is priced above market value.

Every case is a case. The asking price on a property can be directing to single or looking for multiple offers. 

Whether a property is set up for a multiple offer or single offer largely depends on the Seller's strategy, and the market in which the property is in. Here is what you need to know about both situations. SINGLE OFFER This is where the negotiating skills and steady hand of a real estate professional pays off. MULTIPLE OFFER A multiple offer is when all buyers submit their offer on the same evening at the same time. The price is generally artificially low to attract a lot of interest.

This is the money you put down to show your good faith in the transaction, applied to the purchase price on closing. It’s typically 5% of the final purchase price.

The irrevocability date and hour is the time you give the seller to respond to your offer. The length of time can depend on the availability of the seller, strategy as well as how long the property’s been on the market.

A clause is simply a statement of something you’d like to see happen, such as financing, home inspection, provision of a status certificate, Insurance, etc.

Conditions are in the buyers’ best interests and protect them from the risks associated with entering a binding agreement. Conditions we may use in our agreement include: Financing;
 Condominium Status Revision;
 Home Inspection; Appraisal; Insurance; Among others.

The various legal and administrative fees connected to the sale or purchase of a home are referred to as closing costs. Depending on your municipality and which side of the transaction you are on, these fees are paid upfront at closing by both the seller and the buyer. It's crucial to factor these fees into your home-related decisions, whether you're buying or selling, to avoid unpleasant surprises on closing day. Closing expenses for buyers can be anything between 2.5% and 4% of the cost of the property. Some of this costs are: Land Transfer Tax; Appraisal Fee*; Home Inspection*; Revision of Status Certificate (for condo properties only)*; Lawyer's Fees (Including disbursements and adjustments); CMHC Insurance*; Tittle Insurance*; Property Insurance; *if applicable