FAQ

(Frenquently Asked Questions)

HOW DOES THE NEW PRIVACY LEGISLATION AFFECT ME AS A HOME SELLER?

It has always been our practice to keep your personal information confidential. We will continue to ask only for information we may require in order to effectively market your home. You can be sure that this information is never passed on to a third party, such as a lawyer, mortgage broker, or painter, without your prior consent. If you have any further questions about how the privacy issue may affect your listing, please don't hesitate to give us a call.

WHAT'S A SURVEY? DO I HAVE TO HAVE ONE?

A survey of a property outlines the lot size and location of buildings as well as details of encroachments from neighbouring properties, if any. This may be required in certain areas to complete the sale. Your legal professional may recommend that you obtain a survey, especially if significant changes have been made to the property. The seller *may* have a copy of a survey for you. But, if not, and you need one, expect a cost of about $1000.00

DO I HAVE TO HAVE A SIGN AND A LOCKBOX?

We recommend both. A sign tells your neighbourhood and people who are driving the streets that your property is available. The wider the exposure the better chance of getting the best price for you. A sign is a "24 hr salesman" working for you! A lockbox makes access easier for real estate agents. The easier it is, the more positive the attitude, the better the price you're likely to get. Lockboxes are completely safe and will not be in your way.

HOW MUCH ARE LEGAL FEES APPROXIMATELY?

This varies but generally are between $800 and $1500

WHAT IS LAND TRANSFER TAX?

Payable to the Government of Ontario. The tax is approximately 0.08% to 1.5% depending on the purchase price of the property.

HOW MUCH ARE MOVING COSTS?

It varies, depending on your own arrangements.

HOW DO I KNOW THAT THE PEOPLE WHO LOOK AT MY HOUSE CAN AFFORD IT?

For real estate agents, time is money. We qualify our purchasers so that we only show houses that meet their needs relative to space, features, and price range. Anything else is a waste of everyone's time including yours.

DO I NEED TO HAVE AN INSPECTION?

A good idea! Having the property inspected by a qualified home inspector will give you the added confidence that you've made the right decision. Costs vary whether you ask for a verbal or written report. It is important to remember that the inspector's job is to give you a fair and objective critique of the property you've chosen. They are also able to give you estimated costs for any necessary repairs. However, in some market conditions like a "hot" sellers market, you may decide in a multi-offer situation to forego this condition. This decision is completely up to you.

CALL BOB BLAKE

FOR A FREE APPOINTMENT

OFFICE:

613 725-1171

CELL PHONE:

613 552-0572

BOB BLAKE

SALES REPRESENTATIVE

Engel & Volkers®

292 Somerset St W, Ottawa, ON K2P 0J6

Phone: (613) 422-8688

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