Buying a home with Ayat Realty Group

In most cases the seller pays the commission under their listing agreement, so buyers do not pay us directly. Your buyer representation agreement with our brokerage sets out how we are paid, including what happens when the seller pays part or all of it, so there are no surprises.

Absolutely! When going to open houses, the listing agents will ask you to sign in and that allows them to inform your agent (us) on all activities on the property.

Most showings are scheduled between 9am and 9 pm. However, in some cases there may be some restrictions in place and in those cases, we can only visit during the specific times identified by the seller.

We always suggest that our clients go to offer presentations with us because timing and understanding the process is very important. After we sign all the paperwork, We will present the offer to the listing agent and their clients. If they request any changes, we can quickly re-sign the updated paperwork and hand it in. Once everyone has agreed to the details, the offer is accepted.

A bully offer is an offer presented before the set offer date. If you engage in a bully offer, you are “bullying” the listing agent to look at your offer because you don’t give them a lot of time to respond. The offer price is usually well above the listing price to give the seller incentive to take it before looking at all other offers presented.

It is an offer that has been accepted, but is not technically ‘complete’ because it has to fulfill certain ‘conditions.’ These conditions can be financing conditions (to confirm the buyer can get a mortgage for the purchase price), home inspection (a home inspector will walk the buyer through the condition of the home), and status certificate (for a condo and reviewed by the buyer’s lawyer). In competing offers, conditions can deter sellers from accepting the offer. This is because the offer is not complete until the conditions are met. If they are not met, the buyers can walk away from the deal.

It depends! We usually recommend home inspections for all detached homes, townhomes and some condos. Home inspections provide information on whether there are any required work or repairs to be done after purchasing the property (i.e. repairing the roof, purchase a new furnace).

As soon as we put in an offer, you should have a lawyer in mind. We can always recommend lawyers that we’ve worked with. The lawyer can look over status certificates (for conditional offers) or can answer any legal questions about your purchase.

If your deal falls through because a condition could not be met, a waiver is signed by both parties. This is an agreement that the offer will not close and the deposit will be returned to the buyers (without penalty).

As part of our initial conversations, we review all extra costs associated with buying. Some of the extra costs include legal fees, disbursements, title insurance, HST on CMHC premium, Land Transfer Tax, as well as moving costs.