BUYERS INFORMATION
BUYERS COST
SELLERS INFORMATION
SELLERS COST
MARKET STATS

BUYERS


Buyers Information

It is often said that buying a piece Real Estate is the single biggest investment most people will ever make. If you are buying a home to live in this very well may be the case. On the other hand, if you are buying Real Estate for investment purposes it may not. Either way, buying any Real Estate is a complicated process that requires a significant commitment of time by both yourselves and your Realtor.

Your search for the perfect piece of Real Estate will most likely begin sitting down at your desk or perhaps your living room. You should consider your lifestyle, needs and special requirements. You also need to realistically consider your financial situation and may want to set up a meeting with your Mortgage Broker or bank. Once you have a firm idea of what you are looking for and how much you are willing to spend you are ready to set up a meeting with a Realtor. This is a very important process because in order for your Realtor to do her job properly she needs to know what you want from the onset.

The next step in buying your Real Estate is to set up appointments to view the Real Estate that you and your Realtor see as fitting your particular needs. Once you have found the right piece of Real Estate you are ready to write an offer to purchase. This is a very detailed step and your Realtor will help you understand all the finer points. Once the offer has been negotiated and you have entered into a Contract of Purchase and Sale you await the closing dates. At this time you will be required to pay the various closing costs and upon doing so will be ready to take possession of your new Real Estate.

Although buying Real Estate can be overwhelming you can rest assured that I will be there and working for your best interest every step of the way. My job is to take care of the fine details and eliminate the stress so that you can focus on finding the perfect piece of Real Estate for your needs, whatever those needs may be. And I take my job seriously.
Esther Fenton.

Buyers Cost

When Buying Real Estate you will incur cost beyond the purchase price of the Real Estate. It is important to understand these costs from the onset so that you don’t run into any surprises at the end that may impede your ability to close the transaction. Every transaction is slightly different with different costs. Your Realtor and Lawyer/Notary Public will go over the specific financial cost for your purchase. However the following is a list of common costs encountered when buying Real Estate:
  1. Lawyer or Notary Public expenses and fees (searching Title, drafting documents, Land Title Registration fees, etc.)
  2. Mortgage costs (appraisal cost, mortgage company’s legal fees, Land Registration fees, insurance fees, etc.)
  3. Survey certificate (if required)
  4. Adjustments (interest, Property Tax, utility payments, etc.)
  5. GST (on new homes, buildings, and certain pieces of land)
  6. Property Transfer Tax (1% on the first $200,000 and 2% on the balance)
  7. Professional Building Inspection (varies)

SELLERS

Seller’s Information

The decision to sell your Real Estate is amongst the biggest decision most people will make. Your reasons to sell will vary and are your own to keep. The important thing is that you decide to sell and then set out to gain the most money possible for your Real Estate.

After deciding to sell the first step you should take is to contact a local and professional Realtor. The Realtor will set up an appointment with you to come and view your Real Estate. The Realtor will take the time to go through your Real Estate taking measurements and detailed notes.

The Realtor will then set up a second appointment with you, to give her time to prepare a proper Current Market Analysis. At this second appointment she will sit down with you and go over the Current Market Analysis, which will lead to your understanding of how she achieve a “suggested listing price” and a “projected sale price”. These prices are a range of estimates of what your Real Estate should be listed for based on fair market value and what that fair market value may look like as a final sale price.

It is now time for you to ask any questions you may have of the Realtor regarding her business strategy and the local market in general. The Realtor will explain to you her advertising strategy as well as her Real Estate commission structure. It is now your decision to enter into a Multiple Listing Contract with the Realtors company, or not.

Once you have entered into a Multiple Listings Contract the Realtor will put up the “for sale” sign and begin the process of marketing your Real Estate. She will introduce the Real Estate to all the other local Realtors, as well as any Buyers she is currently working with. The Real Estate will also go on the MLS system for all international Realtors and Buyers to view.

The next step is to have the Real Estate shown until an offer to purchase is attracted. At this time the Buyer’s Realtor will present an offer to you with your Realtor present. Your options for responding to an offer to purchase are simple: accept, counter offer, or reject. Your Realtor will help you through the entire negotiation in order to achieve the highest price possible. Once a deal has been reached you will be formally entered into a Contract of Purchase and Sale. You now simply await the closing dates, pay your closing costs and receive your money.

Although selling Real Estate can be overwhelming you can rest assured that I will be there and working for your best interest every step of the way. I have a first rate marketing strategy that sees my listings constantly attract high priced offers. My job is to take the stress out of selling your Real Estate while getting you top dollar. And I take pride in this job.
Esther Fenton

Sellers Cost

When Selling Real Estate you will incur various costs. It is important to understand these costs from the onset so that you don’t run into any surprises at the end. Every transaction is slightly different with different costs. Your Realtor and Lawyer/Notary Public will go over the specific financial cost for your sale. However the following is a list of common costs encountered when selling Real Estate:
  1. Lawyer or Notary Public fees and expenses
  2. Cost of clearing Title
  3. Real Estate Commission
  4. GST on Real Estate Commission

MARKET STATS

View Monthly Market Statistics.
View Annual Market Statistics.