Common Questions

You’ve Got Questions - I’ve Got Answers

 

How will you find potential buyers for my property?

In order to find potential buyers for your property, I will use my extensive marketing strategy. In short, this marketing strategy consists of listing on the MLS services, REALTOR.ca, REW.ca, social media posts and promotions on multiple platforms (Instagram, Facebook, LinkedIn, etc.), as well as local area marketing.

Do I need a real estate lawyer as well?

When the completion date of your purchase or sale comes it is required to have either a real estate lawyer or notary public. There is no need to worry about this because as your REALTOR I have multiple connections in my network and can set you up with the most reputable professionals.

I am looking to purchase a home, where should I start?

The first step in the home buying process is to get a pre-approval for a mortgage. As your REALTOR I will be able to refer you to some mortgage brokers in order for you to secure the best rates. From there we will have a budget to work with and I will be there with you the rest of the way. Refer to my "Buy" page for a synopsis on the buying process.

What percentage of the final home sale price do you charge?

If I am working with you as a Buyer, you will not be charged as the selling party is responsible for determining and paying the real estate commissions. All real estate commissions in British Columbia are negotiable. As your listing (selling) agent I provide a value that surpasses most agents. As for my percentage, it is relative to most listing agents giving you the most benefit.

Is there a “best“ time of year price-wise to buy a home?

In the fast-paced and dynamic real market, there is never really a "best" time. The price of properties depends on a number of factors, mainly supply, demand, and other market conditions. It varies greatly from city to city, neighborhood to neighborhood, and housing type. Rather than the season, the number or an average number of days on market is a good indicator of turnover and how much negotiating power is present.

What is the difference between a buyers market or sellers market? and what state is it right now?

In simple terms, a buyers market is when there are more homes on the market than buyers. A seller's market is when there are more buyers in the market than there are homes for sale. Typically, a seller's market sees house prices rising depending on how long that state is present. Whereas in a buyers market the opposite happens. A typical figure used to determine this the sale to active listings ratio. If this figure is over 20% it is usually considered a seller's market, and if it is under 12% a buyers market, between 12% to 20% = balanced market.

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Ask a Question

If you have any questions regarding real estate please feel free to ask away?

 

Andrew Singh Young - Real Estate Professional

(604) 825-2386

15483 104 Avenue, Surrey BC

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Copyright© 2020 by Andrew Singh Young - Sutton Premier Realty. 
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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