Frequently Asked Questions

What's the first step in the home buying process?

The first step is getting Mortgage Pre-Approvals, so you a better idea of that price bracket to search within.

How long does the property purchase process take?

The process usually takes around 90 days unless otherwise stated. This process all depends on when all searches and documents can be provided.

Do I need a realtor to purchase a property?

A REALTOR is your most valuable asset when buying a home. They will walk you through every part of the home buying process. They will educate and inform you of all your options and also represent you throughout the transaction and beyond.

Who pays the realtor ?

The seller pays realtor fees.

How much money do I need for a downpayment?

This depends on your financial institution. Its usually around 10% but this is always subject to change.

What other fees are there other than the downpayment?
  • Lawyer fees
  • Valuation report fees
  • Stamp duty

Your mortgage officer would be able to guide you.

When do I get the keys?

Under normal circumstances, you will get the keys at the closing of the deal.

What is the first step in the renting process?

Knowing type of property you want or need and then factoring in your budget.

Why is a rental deposit necessary?

A deposit is to be held against any damages to the property during the term of the tenancy and is refundable once no costs were incurred.

How much is the rental deposit?

The deposit is equivalent to one months rent, in some cases landlords may also ask for the last months payment.