FAQ'S

Got Questions? We Have Answers!

Take a look through our most frequently asked questions

Buyers FAQs

Not sure where to start? Take a look at some of our more frequently asked questions for home buyers.

How do I choose a real estate agent to work with?
Choosing a real estate agent can be a difficult task. In Central Alberta there are over 500 licensed real estate agents. Like any profession, real estate agents are not all created equal.

If I find a house I like, how do I make an offer?
This is where the expertise and experience from a real estate agent is required. You can expect to spend approximately one hour getting the paper work together and signing the "Offer to Purchase". This is where the negotiation begins.

Do I have to use a lawyer to complete my transaction?
Yes you must use a lawyer for this transaction when working with most real estate agents. Your lending institution may also require that you use a lawyer regardless if you purchase your property through a real estate agent or through a for sale by owner.

What do I need to do for insurance?
We would recommend getting your insurance in place as soon the conditions are removed on your offer. The lawyer will require proof of insurance prior to your lending institution releasing your mortgage, so the sooner you can have this in place the better.

Do I have to get a home inspection?
It is not required by law, but as your real estate agent we highly recommend that you have a home inspection completed.

What happens on possession day?
As part of the services we provide to our clients, we do a walk through of the property PRIOR to our clients taking possession. That way, if there are any major problems, we can try to have them addressed immediately.

Sellers FAQs

Wondering about the market? Home sellers will find a number of useful tips in our sellers FAQs section.

How do I choose a real estate agent to work with?
Choosing a real estate agent can be a difficult task. In Central Alberta, there are over 500 licensed real estate agents and like any profession, real estate agents are not all created equal. In our opinion, here is what we would recommend you do...

How do I get an estimate of what my home is worth?
As a complimentary service to potential sellers, we will provide a Comparative Market Assessment that gives you an idea of what your property may sell for if you were to place it on the market.

What can I do to help my home sell?
There are a variety of things you can do to help sell your home. This is exactly why you hire a Real Estate Agent to market your property! We provide a complete list of things to do as part of the services we provide to our clients.

Should I accept the first offer that comes in?
This depends. There is a saying in this business that sometimes "the first offer is the best offer". Our advice to you on this is that it depends on the offer.

Why do buyers want a home inspection?
A home inspection is a part of a buyers due diligence to ensure they understand what they are purchasing and to ensure there are no major problems with the property.

How long can I expect to wait for my property to sell?
Depending on the market, this could take 2 days or 120 days or more. In a market where there are large amounts of houses for sale and fewer buyers, it can take 90-120 days to sell your property.

Get In Touch

Phone: 403-505-0066

EMAIL

Office Info

Lime Green Realty Inc

Red Deer,  AB 

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The data included in this display is deemed reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association. The real estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.

* Compared to a typical rate of 6% on the first $100,000 and 3% on the balance of the sale price, not applicable for agent or relocation referrals.

* * $1,500 cash-back on a property that sells over $300,000, and $1,000 for a property that sells between $200,000 and $299,999. Cash-back is not offered on properties under $200,000. Commission paid by seller must be 3% on the first $100,000 and 1.5% on the balance of the sale price. Not applicable for agent or relocation referrals. May be reduced or not applicable on for-sale-by-owner properties. ***$4,000 flat fee commission only applicable on properties listed up to $600,000. 1% listing commission applicable on properties over $600,000.