putting down a deposit

There is no standard amount for a deposit, so I can’t tell you how much you will have to pay to firm up an offer. However, if you find a property that’s right for you but you feel the seller is asking for too much money up-front, you could ask your salesperson to negotiate with the seller’s representative about the deposit amount, as well as the timing of any payments.

real estate

I’m unhappy with my real estate salesperson and I’m not sure I want to work with him anymore. Can I cut him out of the process and deal with the seller’s agent myself?

Insurance Protecting your deposit

When you work with a registered real estate broker or salesperson, your deposit is protected subject to the terms and conditions of the insurance policy.

All brokers and salespersons are required by law to participate in an insurance program that includes consumer deposit insurance.

The coverage that protects your deposit is available under the insurance program at no cost to you.

Marijuana grow houses what are the signs

Most home buyers tend to focus on what they can see: bright, open spaces, attractive finishes and a nicely landscaped yard. But a home’s striking appearance could be concealing the damage of a former marijuana grow op.

Commissions and fees charged by the brokerage 1

Arrangements can vary. Commission and fee arrangements come in three forms:

    • A fixed amount
    • A percentage of the sale price
    • A blend of a fixed amount plus a percentage of the sale price

buying-a-condo

The short answer to this question is that buying a condominium (condo) involves a number of special considerations you won’t encounter when you purchase an ordinary detached or semi-detached home, and you should be aware of them before you make an offer.

 

 

Buyers-Representation-Agreements

When you are buying your home, a real estate broker or salesperson may ask you to sign a representation agreement. A representation agreement defines the nature of the relationship between you and the brokerage, including the broker or salesperson.

using a real estate brokerage

The decision to use a brokerage (or not) is entirely yours to make, but the Real Estate Council of Ontario (RECO) strongly recommends working with a registered salesperson or broker when you buy or sell a property for the simple reason that navigating your way through a real estate transaction on your own from start to finish can get complicated, especially if you’re inexperienced.

mULTIPLE-oFFER-wHEN-hOME-bUYING

At times, home buyers may find that they are not the only party interested in purchasing a property. This situation of competing offers, calls for buyers to be more prepared and better educated on the process. 

home-buyers-checklist

Buying a home is a big decision – whether it’s your first home or a vacation home. To help you make smart decisions, it’s important to think with your head and not your heart. Theses tips from the Real Estate Council of Ontario (RECO) will help you be home smart when you’re in the market to buy.