FAQ'S

Got Questions? We Have Answers!

Take a look through our most frequently asked questions

Buyers FAQs

Not sure where to start? Take a look at some of our more frequently asked questions for home buyers.

How do I choose a real estate agent to work with?
Choosing a real estate agent can be a difficult task. In Central Alberta there are over 500 licensed real estate agents. Like any profession, real estate agents are not all created equal.

If I find a house I like, how do I make an offer?
This is where the expertise and experience from a real estate agent is required. You can expect to spend approximately one hour getting the paper work together and signing the "Offer to Purchase". This is where the negotiation begins.

Do I have to use a lawyer to complete my transaction?
Yes you must use a lawyer for this transaction when working with most real estate agents. Your lending institution may also require that you use a lawyer regardless if you purchase your property through a real estate agent or through a for sale by owner.

What do I need to do for insurance?
We would recommend getting your insurance in place as soon the conditions are removed on your offer. The lawyer will require proof of insurance prior to your lending institution releasing your mortgage, so the sooner you can have this in place the better.

Do I have to get a home inspection?
It is not required by law, but as your real estate agent we highly recommend that you have a home inspection completed.

What happens on possession day?
As part of the services we provide to our clients, we do a walk through of the property PRIOR to our clients taking possession. That way, if there are any major problems, we can try to have them addressed immediately.

Sellers FAQs

Wondering about the market? Home sellers will find a number of useful tips in our sellers FAQs section.

How do I choose a real estate agent to work with?
Choosing a real estate agent can be a difficult task. In Central Alberta, there are over 500 licensed real estate agents and like any profession, real estate agents are not all created equal. In our opinion, here is what we would recommend you do...
The more transactions an agent has done, the more experience they are going to have. Don't let the number of years an agent has been in the business fool you. An agent could have 10 years experience but have only done 10 deals in each of those years. The higher the number of transactions an agent completes in a single year, the more experience they should have gained which will benefit you through this process. Ask how many deals the agent has completed in the year and where that ranks with his or her peers.
Look through websites and see if there are testimonials posted. Do the testimonials give you an indication of what you can expect from the agent you are considering hiring?
Interview more than one real estate agent to get a feel for what different agents have to offer.
Find out if the real estate agent is part-time or full-time.
Find out what types of technology the real estate agent uses (eg. Internet, e-mail, text messaging, etc.)
Ask how many assistants the real estate agent has, more might not always be better in this business.

How do I get an estimate of what my home is worth?
As a complimentary service to potential sellers, we will provide a Comparative Market Assessment that gives you an idea of what your property may sell for if you were to place it on the market.

What can I do to help my home sell?
There are a variety of things you can do to help sell your home. This is exactly why you hire a Real Estate Agent to market your property! We provide a complete list of things to do as part of the services we provide to our clients.

Should I accept the first offer that comes in?
This depends. There is a saying in this business that sometimes "the first offer is the best offer". Our advice to you on this is that it depends on the offer.

Why do buyers want a home inspection?
A home inspection is a part of a buyers due diligence to ensure they understand what they are purchasing and to ensure there are no major problems with the property.

How long can I expect to wait for my property to sell?
Depending on the market, this could take 2 days or 120 days or more. In a market where there are large amounts of houses for sale and fewer buyers, it can take 90-120 days to sell your property.

Get In Touch

Phone: 403-505-0066

EMAIL

Office Info

Lime Green Realty Inc

Red Deer,  AB 

Stay Connected