We have answers to your questions

Our team of real estate experts is the perfect resource to ask. No agent or google search knows the market like us in Land O' Lakes.

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How can I tell if it's the right time to buy/sell?

There are three types of markets that influence the supply and demand or the overall success of buyers and sellers.

A Buyer’s Market

A buyer’s market is when there are more homes for sale (supply) than there are buyers (demand) for them. In this type of market, buyers have the advantage with more inventory to choose from, prices remain stable or sometime soften with sellers more open to negotiating.

A Seller’s Market

A seller’s market is when there are more buyers (demand) than there are current homes for sale (supply). In a strong seller’s market, sellers are in the driver’s seat. Prices strengthen or increase; homes sell quick and, in some cases, sellers get multiple offers.

What's A Balanced Market

A balanced market is when there are equal number of buyers and sellers in the market. Homes sell in a reasonable time frame and prices remain stable. This is a healthy real estate market, one that is good for both buyers and sellers.

What’s the best way to Prepare Your Property for Sale

REMOVE

Get rid of as much clutter as possible. Give it away, sell it at a garage sale, put it in storage, but just get it out of the house. You want your home to look spacious and tidy.

REPAIR

Chipped paint, cracked tiles, squeaky hinges, loose handles, leaky faucets. Fix everything you can. If you need a handyperson or contractor, we can help!

RENEW

Clean, clean and clean again. It's that important. You want your home to look guest ready. Organize each room so that it looks like a showcase. A fresh coat of paint can go a long way to dramatically improving the look as well.

What is a resident maintained Laneway?

The Township is not responsible for inspecting or identifying private lanes/rights-of-way or driveways that do not meet the Township's minimum standard. It is the sole responsibility of the land owner to ensure that their lane/right-of-way/driveway is accessible for emergency vehicles and maintained in a safe condition."

What’s a septic system?

A septic system treats your waste water and sewage, if you are not on a municipal water system. Your household drains connect to a septic tank and a leaching bed. Both are buried beside your home or cottage. The leaching bed is made up of pipes with holes, buried in gravel and surrounded by natural or imported soil.

What is the Shore Road Allowance?

These "Shore Road Allowances" were put in place in the late 19th century, on Crown land, to allow for logging and the transportation of goods. Shore Road Allowances still exist today, and unless title to a portion of the allowance has been purchased by an abutting property owner, it is owned by the municipality.

Do I need to do a final walk-through?

It’s not required, but it’s a darn good idea! Final walk-throughs give buyers a chance to make sure nothing had changed since their first visit. If repairs were requested, as part of the offer, a follow-up visit ensures that everything is squared-away, as expected, per the terms of the contract.

Should I order a home inspection?

Yes! Property inspections are recommended if you plan on financing. Property inspections are not required. However, property inspections are highly recommended because they can reveal defects in the property that are not easily detected. Property inspections bring peace of mind to one of the biggest investments of a lifetime.

What is the first step of the property buying process?

Getting pre-approved for a mortgage is the first step of the property buying process. Getting a pre-approval letter from a lender gets the ball rolling in the right direction. 

Here’s why: 

First, you need to know how much you can borrow. Knowing how much home you can afford narrows down online home searching to suitable properties, thus no time is wasted considering properties that are not within your budget. (Pre-approvals also help prevent disappointment caused by falling in love unaffordable properties.) 

Second, the loan estimate from your lender will show how much money is required for the down payment and closing costs. You may need more time to save up money, liquidate other assets or seek mortgage gift funds from family. In any case, you will have a clear picture of what is financially required. Finally, being pre-approved for a mortgage demonstrates that you are a serious buyer to both your real estate agent and the person selling their property.

I have a friend who is a Realtor in the city and they would like me to list our Lakefront home with them. What are your thoughts?

Let me start by asking you a question - would you hire me to sell your house in the city? The answer should be no. We have no knowledge of the city, its neighborhoods, trades, infrastructure, zoning, or even where the closest Starbucks is. If your friend is a friend, they would suggest a local realtor.

Still have questions?

Please don't hesitate to contact us and we will gladly provide you with any information or answers you need.

Make your dreams come true.

Looking to live on the lake?

Finding the perfect waterfront property can be challenging enough, but without local knowledge of the lakes it's an impossible task. Find the lake best suited for you with the help from expert team.

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oUR team

"Helping you is what we do!"

Larry Zajdlik
Realtor©
Royal LePage ProAlliance Realty, Brokerage
+1 (613) 921 3487
larryz@royallepage.ca
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Diana Walker
Realtor©
Royal LePage ProAlliance Realty, Brokerage
+1 (416) 452 0112
dianawalker@royallepage.ca
See Profile

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