FAQ

Frequently Asked Questions

Your home’s value is determined by several important factors such as:

The sale prices of similar homes in your neighborhood that have sold recently.
Your home’s location and proximity to schools, employment, shopping and recreation.
The size and usable space of your home and, if applicable, your lot. Buyers pay a lot of attention to the size and number of bedrooms and bathrooms.
The age and condition of your home. Homes that are move-in ready are typically more valuable that homes that need renovations or repairs.
What upgrades, updates and renovations have been carried out to improve or modernize the house.
The local market. For example, when there are a lot of buyers and low inventory, typically homes will sell for more.
The strength of the economy. Low interest rates and a low unemployment rate will drive demand which drives up prices.

Commission. The seller always pays the commission of both the selling and buying agent.
Lawyer/Notary for closing
Repairs/renovations/home improvements that may be needed to make the home attractive to buyers.
Marketing expenses should be covered by your realtor.
Home staging is typically covered by the seller.

How well does the strata council function? Do they have a history of getting things done and serving the owners?
Overall condition of building. How well has it been maintained? Does it have any features or weaknesses that are known to cause problems?
Contingency fund. How much money is available for repairs and upgrades? How much is already committed to approved projects?
Upcoming levies. Will one-time levies be needed in the foreseeable future to repair or improve the building?
Review all strata documents.
What are the bylaws?
What restrictions are in place?
- age restriction
- rental restriction
- pets

Buyer submits offer documents to bank or mortgage broker
Bank will do appraisal
Buyer orders building inspection
Buyer fulfill subjects in contract
Buyer sign off on subject removal
Buyer deposit upon subject removal
Realtor submits documents to lawyer/notary
Prepare for moving day
Buyer and seller sign documents with lawyer prior to moving date
Buyer walkthrough with realtor on move-in day
Sellers clean the home and remove all belongings and debris
Sellers to make sure speculation tax and empty home tax declarations are up to date
Possession

Yes! A home inspection is the only way to know if you are in fact getting what you payed for.

Enter it below and I’ll do my best to answer it. Include your email and I’ll send the answer directly to you.