An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage lender sends out an appraiser to get a professional opinion of the value of the property. This helps the lender decide if the property is worth the amount of the loan the potential buyer is seeking.
A buyer’s agent, also known as a selling agent, is a licensed real estate professional whose job is to locate a buyer’s next property, represent their interests by negotiating on behalf of that buyer to obtain the best price and purchasing scenario for that buyer as possible. This agent is a fiduciary for the buyer
When you make an offer for a home and it is accepted, you must provide a deposit, typically at least 1% of the offer price, within 24 hours of the acceptance of the offer. The deposit does count towards the down payment.
14 Chamberlain Ave Suite 101 Ottawa, Ontario K1S 1V9
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Steve Sicard | REALTOR® | SRES® | Right At Home Realty Inc., Brokerage | 613-369-5199 | 14 Chamberlain Ave, Suite 101 Ottawa, Ontario K1S 1V9