Real Estate FAQ page

Your home’s value is based on recent local sales, current buyer demand, and your property’s condition—not online estimates. A local market evaluation gives the most accurate picture.

Even light staging and decluttering can help buyers emotionally connect and may lead to faster offers and better sale prices.

This varies by location, price range, and market conditions. Some homes sell in days, others take longer. Strategic pricing and strong marketing make the biggest difference.

In Ontario common costs include real estate commissions, legal fees, mortgage discharge fees, and adjustments like property taxes or utilities.

A conditional offer means the buyer has conditions—such as financing or a home inspection—that must be met before the sale becomes firm.

Backing out can lead to serious legal and financial consequences. Once an offer is accepted and becomes firm, it’s legally binding.

Yes. In Ontario, sellers must disclose known material defects that could affect a buyer’s decision or the property’s safety or value.

In a multiple-offer situation, buyers submit their best offers, often without knowing competing prices. Your REALTOR® helps you evaluate more than just price—terms matter too.

Start by defining your needs (budget, location, size), assessing what you can afford, and saving for a down payment and closing costs. It’s also wise to get pre-approved for a mortgage before house hunting to know your price range and strengthen your offers.

A down payment is the upfront amount you pay toward your home purchase. In Canada it typically ranges from 5% to 20% of the purchase price (or more depending on your goals and loan type).

Closing costs are one-time fees due at the end of the transaction. They can include legal fees, land transfer tax, title insurance, home inspection fees, and adjustments. Buyers should plan to budget roughly 1.5%–4% of the purchase price for these costs.

A real estate professional will help you find homes, negotiate offers, guide inspections, and navigate paperwork. Our team specializes in the Kitchener-Waterloo area and can make the process smoother and less stressful.

Very. Mortgage pre-approval tells you how much a lender is willing to loan you based on credit and finances. It shows sellers you’re serious and helps you search within a realistic price range.