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- Buyers -
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What is a home inspection?
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After your offer is accepted, you have until a specified date to have a licensed home inspector perform a home inspection. They will look at various aspects of the home to insure it’s structurally sound. They take into account the roof, windows, electrical, etc. This protects you as the buyer to know that you are getting a home that won’t produce any unwanted surprises. If the inspection turns up a problem, you then have the opportunity to renegotiate or walk away from the deal.
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- General -
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Why use a REALTOR®?
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It is strongly advised that you use a licensed Red Door REALTOR®. Having the knowledge, experience, education and resources of a REALTOR® greatly out-weigh any advantage of acting as your own agent. Having access to the MLS® system is one of the most important resources for marketing your home.
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What makes Red Door Realty unique?
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Red Door Realty is built on experience. This has enabled us to see and understand market trends and turn that information into innovative resources for our clients. Our website and online client area are huge steps towards providing you with service that is next to none.
When your house is listed by Red Door Realty, you are able to see how many people have viewed your property online daily, leave messages for your REALTOR®, access important documentation, see who has shown the property and read showing feedback.
When you are searching for a property, we are able to leave messages notifying you of new houses on the market and provide you with important documentation.
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What is the advantage of MLS®?
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MLS® or, Multiple Listing Service, is a national network of real estate listings. It is the core network, and incomparable when it comes to advertising your property. By using a Red Door REALTOR® your property will see substantial marketing across the country.
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Are there any hidden fees?
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Red Door Realty applies no hidden fees to any real estate transaction. To avoid any unwanted surprises, you will want to familiarize yourself with the typical fees involved in a real estate transaction by asking your Red Door REALTOR®.
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What is knob and tube wiring?
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Knob and tube wiring is the earliest standardized method of electrical wiring. It was very common from the late 1800’s to the 1950’s.
There are many homes today which still have active knob and tube, posing a problem when it comes time to sell. Insurance companies will no longer insure homes that have knob and tube wiring. When a home is sold, it must be negotiated between the buyer and seller how the knob and tube will be upgraded to today’s standards.
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What is zoning?
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The municipal government has categorized each property into a specific zone. The broadest example of this would be the breakdown of property into residential (R) and commercial (C) zones. The zones are further subcategorized (R1, R2, C1, C2, etc.) and each zone has specific regulations.
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What are condo fees?
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Condo Corps have established a fee that each unit owner is responsible for which pays for a proportionate share of expenses relating to common areas, common elements and the reserve fund. Typically, the condo fee is directly proportionate to the unit size in relation to the total size of all units.
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What is a lockbox?
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When your property is on the market, REALTORs® have convenient access to show your home with the use of a lockbox. A lockbox is a secure case that hangs (typically on your door) and holds the key to the home.
Only licensed REALTORs® have access to the lockbox, and only with your permission. It can be turned off between 9pm and 9am, and also has the ability to track who has been in.
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What is a deed?
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A deed is a legal instrument used to grant a right. In real estate it is the document that entitles you to a specific property.
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- Measurements -
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What is TLA on a listing cut?
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TLA is an Acronym for ‘Total Living Area’. This is the square footage of the finished floor space including a finished basement. In condos, sometimes TLA includes a balcony. You will want to ensure whether or not this is the case.
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- Sellers -
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How do I prepare my home for a showing?
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Clean. Depersonalize. Turn on the lights. The science behind preparing for a showing is to make the buyers feel like they are walking into their home. For more information, see our online step-by-step guide to a showing.
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As a seller, what are my closing costs?
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When selling your home, you have to be aware of 3 separate closing costs.
1. Real estate commissions. The total cost of commission will be outlined on
your listing contract with Red Door Realty.
2. Legal fees. You will require legal services to complete a real estate
transaction. These fees are set by the individual law firms.
3. Migration costs. Nova Scotia is in the process of taking the old paper deed
system, and putting it into an electronic format. The cost of migrating the
deed for your property to the electronic directory is payable on or before
you sell your home.
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What is my home worth?
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This is probably one of the most common of the frequently asked questions. For the quick answer, we’ll revamp the old saying, value is in the eye of the beholder; the same goes for your home. Red Door REALTORs® look at price in a variety of ways, including listing price, sale price.
We look at your house, the features, the facts, and then compare it to homes in the area which have recently sold, are currently active, etc. We take a look at market time, listing price and sale price. Our goal is to establish a realistic listing price that will help you get the most value for your home in the least amount of time.
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Click Here for links to additional resources.
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