Frequently Asked Questions

Q: As a buyer, is there a fee that I must pay to an agent or consultant?

A: One of the most common misunderstandings! There is NO FEE to you as the buyer to use me as your consultant and agent.

Q: When should I have my insurance activated?

A: As early as possible or one week before possession in case the seller deactivates early.

Q: How and where are the utilities and taxes adjusted?

A: This is done by your lawyer and is part of your closing costs.

Q: When is my deposit required?

A: Within two business days of your accepted offer.

Q: When do I take the remainder of the down payment in?

A: Your lawyer will call and arrange for you to bring your funds in.

Q: What happens to my deposit if I don’t remove my conditions due to deficiencies?

A: Your full deposit is refunded.

Q: Can I lose my deposit?

A: Yes. If you remove your conditions and do not complete on possession.

Q: I know what day I get possession but what time?

A: The offer to purchase states that 12 o’clock noon is the possession time.

Q: What do we do when deficiencies are found in the inspections?

A: We will negotiate around them and if we can’t, we will obtain our full deposit.

Q: What do inspections cost?

A: Home inspections: $300-$400. Furnace & Chimney: $70-$100. Wood Stove: $95-$300

Q: What are the closing costs(lawyers fees, land title registration, mortgage registration)?

A: These fees are combined at your lawyers office. Typically they should be 1.0% - 1.5% of the purchase price.

Q: Do you have access to all the homes for sale in Saskatoon?

A: Yes. The term MLS mean Multiple Listing Service which acts as an umbrella for all Realtors to trade under.

Q: Where do I take my down payment?

A: You will convey the remainder of the down payment to your lawyer approximately four days prior to possession.

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