What should I expect if I decide to buy or sell with you?
I highly value my customers' experience and my services are designed to address first and foremost your needs. I understand that buying and selling real estate may be a difficult and stressful experience, so my goal is to turn this experience into a pleasant one. I am a professional, full time Realtor with a solid understanding of the market conditions and have a wide network of professionals to make your life easier and less stressful.
How much does it cost to use your services to buy a house?
There is no cost to you! Reach out to get started on your search!
Will you help buyers/sellers looking for properties across the province?
Yes I will! I service all of PEI, from tip to tip. We have office locations across the province and in the event that I am not familiar with a location or neighbourhood, I can draw on support from a team member who can guide us in the right direction.
Can I Buy a Home Without a REALTOR® in PEI?
Although there isn’t a legal requirement to engage a real estate agent when buying a home, private home sales can present risks that are often not discovered until after you purchase the home. When you buy a house without REALTOR® oversight, you miss out on several benefits, including but not limited to:
- Leveraging the agent’s network to access the best listings
- Avoiding overpaying for a home
- Avoiding unfair terms and conditions
- Ensuring you follow important steps, such as a home inspection
- Understanding your rights, such as how many visits you get once you submit an offer
- Understanding things like how much of a deposit you need to make and whether you have the right to get it back
Do I Need a Lawyer to Buy or Sell Real Estate in PEI?
Yes, not only is it highly advisable to have oversight by a legal professional specializing in real estate legal services, but it is also required in PEI. A real estate lawyer registers the transfer of your property to ensure the government legally recognizes your homeownership. Your lawyer will also review the contract for possible issues and conduct research, such as title searches and looking for liens against the property, to protect your interests.
What Can a REALTOR® Do for Me?
There are many benefits of hiring a REALTOR®, including access to their real estate agent services and expertise. This can include, but is not limited to:
- Strategic pricing when you list your home to attract offers, while ensuring you increase your potential for profits
- Professional-grade staging and photography to present your home in the best possible light
- Targeted marketing strategies using a multi-channel approach to increase visibility with the right type of buyer
- Crack negotiations to ensure you come out ahead
- All kinds of paperwork to complete the transactions and avoid common road bumps that delay or disrupt the process
When is the best time to sell a house in PEI?
The best time to sell your home in PEI is typically the spring and fall. However with sporadic low inventory across the province, I find most of the time the market is very favourable.
How Much Do I Need For a Down Payment?
For your primary property it's 5% down payment on the first $500,000 and 10% for the balance. If it is an investment property you will need a minimum 20% down payment.
How to maximize your home’s selling price?
Here are the 4 golden rules for maximizing the selling price of your home:
- Choose the right Realtor to develop a personalized selling strategy that meets your objectives and expectations.
- Establish with your Realtor a detailed plan for selling your home.
- Set the right asking price based on a comprehensive analysis of comparables prepared by your Realtor.
- Get your property ready to be shown off in its best light.
How to set the right asking price?
Setting the right asking price for your home is the most important step in the entire process. The right price is not necessarily the highest nor the lowest, but the one that strategically positions your property to attract serious potential buyers. This price must be based on an exhaustive analysis of comparables and their interpretation.
What should I do to prepare my home for sale?
Call me! I will give you step by step instructions and guide you along the way to get you the best price possible. In the meantime, check out my Real Estate Tools page for a Seller's checklist or request a free home evaluation to find out how much your home is worth in today's market!
Is Home Inspection Required When Buying a House in PEI?
Home inspections before buying a property are not legally required in Canada. However, our experience tells us they are strongly recommended. The home inspection checklist Canada based inspectors use is designed to protect buyers from unexpected costs. It is worth the investment to include an inspection as a condition of your offer so you avoid buying a money pit.
How Long Does It Take to Sell a Home in PEI?
The average time to sell a home is actually based on the most current reported days on market. This is far too volatile to provide an accurate home-selling timeline. At the time you decide to sell your home, I can provide an average timeline based on the current days on market average.
I will also take other factors into consideration, including your home’s condition, demand for homes like yours, your acceptance of the listing price I recommend and current consumer confidence in the economy.
What’s the Difference Between a Buyer’s Market and a Seller’s Market?
The difference between a buyer vs seller market determines whether the market is on your side. It’s all about who has the most power in the negotiation process, the buyer or the seller.
As the name implies, a buyer’s market favours the buyer. A saturated market means less competition from other buyers, helping to control rising prices. During the offer process, there’s no pressure to meet the asking price or worry about multiple offers. As a result, the buyer comes out ahead with the best price and terms.
In a seller’s market, the tables are turned, with the seller holding all the cards. With fewer homes on the market, competition amongst buyers is fierce, driving multiple offers and increasing prices. Buyers are forced to come in with their highest price and less demanding conditions, putting the seller in the driver’s seat.
