Frequently Asked Questions

Below, is a quick and easy guide to some of the common questions you may have about The Agency or buying or selling your property.  If you have a question not listed here, feel free to contact me. I’m here to help. 

Absolutely! I only act as a property law consultant/advisor  as we navigate the purchase or sales process.  After deciding on a property or a buyer, you're free to instruct a conveyancing lawyer to complete the transaction. I have a list of preferred conveyancing lawyers I can refer you to but you're free to chose your own conveyancing lawyer amongst the list of approved conveyancers provided to you by your bank. Throughout the closing process, I will remain by your side to ensure the transaction runs smoothly and efficiently.

The simple answer is yes, you should get pre approved before looking at homes as it benefits all parties involved. As a buyer it streamlines your search process and you know how much you can afford. It gets the ball rolling in the right direction. Agents prefer to work with borrowers that have a pre-approval letter because it gives them the confidence that the deal will get closed. It allows them to use their expertise to find the right home for you. It also gives you a competitive advantage over other buyers who have not been pre-approved. Sellers are more likely to accept an offer from a buyer that has been pre-approved. 

A buyer's market is characterized by slow home sales, lots of available properties and declining home prices whereas, a seller's market is characterized by rapid home sales, shortages of available homes and rising real estate prices. Knowing the difference, can help you in any home sale, whether you're buying, selling or doing both.

Yes. There is no law requiring you to use an agent to sell your house. Real estate agents specialize in property marketing and conducting negotiations between buyers and sellers and are a valuable resource for home sellers providing information and expertise and have a database of prospective purchasers, which is an added advantage. Click here for the Top 5 Reasons Why You Should Work With An Agent. 

The seller is responsible for paying both the buyer and sellers agent's fees. The typical commission charged by local agencies  is 5%, which equates to 2.5%   for both the listing agent and the buyers agent or 5% should there be only one agent acting for both the buyer and the seller. Note that this fee is typical but not a mandatory requirement and can vary. As owner and broker of Land & Legal Realty, I am happy to discuss a lower commission fee that works for you. Contact me to learn more. 

Dealing with tenants, in some instances, can be a complicated affair and adds more complexity to an already elaborate process.If you are an investor, selling a property that has tenants occupying can often be a tricky. . Some tenants are accepting of the potential sale and are more than happy to cooperate. Other tenants, however, can be extremely difficult. Access will be a constant problem, and often they will not make any effort to clean or present the house for buyer viewings, which may  impact your chances of a sale and  the sales price. 

If you have a difficult tenant, then it is best to evict them prior to marketing. This will give you an opportunity to fix the place up a bit and hopefully increase your potential sale price. It will also ensure your agent has access to the property whenever they need it. This, however, is easier said than done and will depend upon what type of tenancy agreement you have in place. If your tenant rents on a month to month basis, you likely won’t have a problem selling an occupied property as long as you give the tenant proper notice. If your tenants signed a fixed term lease your options are more complicated. Selling an occupied rental property with a fixed-term lease requires more processes and doesn’t easily terminate just because of a change in ownership of the property.  I can advise you of your options. Contact me. 

It will depend on the condition and age of your home. If your  house is in good condition and is  reasonably modern, including the fixtures, etc., then you can consider doing  some cosmetic refurbishments and general maintenance to spruce it up. Conversely, if  you live in an older  house, with  mostly original fixtures, you may need to look at upgrading some aspects of the property, in order to get maximum value.

The two most important factors, when selling your home, are price and the condition of the home. The first step is to price it appropriately to attract as many potential buyers as possible. The next step is to ensure that the home “shows well” by fixing cosmetic repairs and making it appealing to potential buyers. I  can help you determine the best price for your home and help you determine what repairs need to be done.

A third factor is exposing the home to as many potential buyers as possible by listing it on the local search engines, holding public and agent open houses, erecting good signage, and creating print and social media advertising. I can help you sell your home. Let's work together. 

Yes, sellers are under a duty to disclose any defects and hidden encumbrances to potential buyers. Defects in the home (or title deeds) that may not be able to be seen by a potential buyer; the presence of any neighborhood nuisances or noises which a prospective buyer might not notice; any restrictions on the use of property, such as easements,  are only some examples of what a seller may need to disclose. As you can imagine, this can get very complicated when a purchase or sales transaction is underway. However, as both an agent and a property lawyer, I can help you determine what items must be disclosed in the listing documents and the sales and purchase agreement to ensure that a potential buyer has all of the information they need to make an informed decision. Book a property consultation with me for more information.