Kirsten Pedersen
Sales Representative

Royal LePage Meadowtowne Realty, Brokerage
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Helpful Tips For Buyers


How do I go about finding open houses?

We can send you a comprehensive list of all the open houses happening every single weekend! If you are just browsing, feel free to contact us for open house information on specific properties

Can I get a lockbox code from you and just visit a house myself?

For the protection of all parties to a trade in real estate, you must be accompanied by your Buyer Representative when visiting a property (unless the seller is holding a public open house).

Is a Buyer Representative's service free to me?

Yes! The Buyer Representative is typically compensated by the listing agent for the property once a purchase has been made, so we act on contingency when working for you.

If I just want to get in to see some houses, why do I need a Buyer Representative?

A Buyer Representative does a lot more for you than just open up a house! In our consultative role, we listen carefully to your deepest needs and values so we will know how best to help you find the best property. We negotiate with your best interests in mind, acting as an intermediary between you and the seller and insulating you from costly mistakes. Finally, we handle the (literally hundreds!) of transactional details so that you don't have to.

If I am interested in a property, how can I determine if the list price is fair?

We will look at the property's sales history and comparable recent sales to help assess true market value.

How do I know what price to offer for a property?

Based on comparable recent sales and our extensive experience, as well as any other relevant factors such as competing offers, we will recommend an offer price that will protect your best interests and give you your best chance to get your dream property.

When should I make my offer conditional?

A condition inserted into the offer means that the contract will not be firm and binding until certain things are fulfilled or waived (ex: you getting financing from the bank, or your lawyer reviewing status certificate documents in the case of a condo).

How much of a deposit is required when making an offer?

Offer deposits are generally 3-5% of the offer price, rounded up. Getting a certified cheque or bank draft for this amount can make a great difference to sellers, especially in a multiple offer situation - you will be seen to be prepared, confident and serious about buying the property.

What happens to my deposit while I await closing?

Your deposit is held in the listing brokerage's trust account until closing, when it is applied towards the purchase price of the property and related costs.

How long should a closing take - how soon before I can move in?

Most closings are from 30-60 days from the date of acceptance of the offer, however this can vary based on buyer and seller needs and other practical concerns. Our systems help to ensure a smooth closing for you whether it's a leisurely wait to move in or a quick closing!

Do I need to have a home inspection done?

In some cases, the sellers might already have commissioned a recent home inspection by a reputable home inspector, which you can review. It is also common to purchase a property conditional on a subsequent home inspection.

Do you know any mortgage brokers or financing specialists?

Yes! We have an in-house mortgage specialist who can answer all your questions and guide you through the complete process.

Do I need a real estate lawyer if the offer documents are pretty standard?

Yes. Though the Agreement of Purchase & Sale and related documents may be standard, your lawyer will need to search title for the property to ensure it is free from encumbrances. They also provide many more important services in which they will explain in detail.
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