FAQs
How do I know if I’m ready to buy a house?
Are you tired of paying rent every month? Want to build equity and invest in your future? Are you financially stable with a steady income and good credit? If you answered yes, then you might be ready to take the plunge and buy a house but we can dive deeper into this to make sure it’s the right choice!
What should I look for in a Real Estate agent?
Look for someone who is experienced, knowledgeable about the local market, and has good communication skills. It's also important to find an agent who listens to your needs and preferences and can help guide you through the buying or selling process with ease.
How much should I offer on a house?
This can vary depending on the market, the seller's asking price, and your own financial situation. Your real estate agent can help you determine a fair offer based on comparable homes in the area and other factors. Remember, it's always better to negotiate than to overpay!
What are closing costs?
Closing costs are the fees and expenses associated with buying or selling a house; the main two will be real estate fees and legal fees. There is no transfer tax in Alberta which saves you money when purchasing here. These costs can vary depending on the location and price of the home, so it's important to budget for them in advance.
How long does it take to sell a house?
This can vary depending on the market, the location, and the condition of the home. In a hot market, a well-priced home may sell within days or even hours of being listed. In a slower market, it may take several months or longer to find a buyer. You want to ensure your Realtor can help you navigate these markets to ensure the best possible outcome.
How much money do I need to put down when purchasing a property?
The amount of money you need to put down on a property depends on the type of loan you're getting and the lender's requirements. In most cases, the minimum you can put down on a property is 5% of the purchase price. I work closely with excellent mortgage professionals who can provide exact numbers for you before committing to a property.
Reach out to Spencer.
If you have a question that wasn’t answered above, or would simply like to reach out to chat more about anything else you’ve read here or had a question about, don’t hesitate to hit the button below and get in touch — I’ll get back to you as soon as I can.