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What is a Deposit and when do you need it?

Thursday Oct 11th, 2018

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What is a deposit and when do we need it? Deposit is firstly, sign of a good faith and sincerity by a Buyer to purchase property and secondly, it represents part of the downpayment and is part of purchase price for the property. There is no mandatory amount for deposit but, the higher amount it is, more serious Buyer is. Deposit is usually made in two ways. One is “at the earliest opportunity and up to 24 hours after acceptance of the offer (with some... [read more]

Home Inspection, Why and When?

Friday Oct 12th, 2018

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Home Inspection, What, Why and When? Home inspection is a process of inspecting a home, by a qualified home inspector, prior to the purchasing a property.  Once Buyer and Seller come to an agreement, in most cases, there will be a conditional clause, that will allow Buyers to obtain a home inspection and to satisfy that condition. The Home inspector will check all major points including, but not limited to, furnace, air condition, roof, attic, foundation, all... [read more]

Why You Shouldn't Wait for Interest Rates to Drop Before Buying a Home

Saturday Sep 23rd, 2023

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So, you've got your eye on that dream house, but you're thinking, "Maybe I should wait for interest rates to drop a bit more before taking the plunge." It's a common thought, but let's chat about why waiting for those rates to drop might not be the best move.  Spoiler alert: sometimes, waiting might actually lead to a higher monthly payment. Why's that? Well, it's all about the game of supply and demand in the real estate world When interest... [read more]

Homebuyer Beware: The Top 5 Mistakes to Avoid When Purchasing a Property

Monday Oct 23rd, 2023

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So, you've decided it's time to dive into the exciting world of home buying. But before you start picturing yourself in that dream home, let's chat about some common missteps that buyers often make. Trust me; you'll want to avoid these pitfalls to make your home buying journey smoother. 1. Going Solo Without an Agent Sure, the internet is a treasure trove of information, but here's the issue– it doesn't tell you crucial details, including information... [read more]

Which day should you choose for Closing Date?

Monday Mar 26th, 2018

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To many of you, this title might look silly, but I can't even tell you how many times I've heard and been a witness to not so nice stories about "closing date" trouble. What is the "closing date" ?. “Completion date” – among regular people knows as “closing date”, is the date when the lawyer will transfer title to Buyers’ name and they will take a legal possession of the property. You will get the keys for your new home... [read more]

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