Contact us today if you’d like to know more
about how we help buy, sell or rent your home
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Our experts would love to hear your story, and try compliment it with their expertise and insights
FAQs
Frequently Asked Questions
QUESTIONS
RESOURCES
FREQUENTLY ASKED QUESTIONS
No, but it’s highly recommended. A buyer’s agent is free to you (they’re paid by the seller) and will guide you through the process, negotiate on your behalf, and catch red flags you might miss.
- Pre-qualification is an estimate of what you can afford.
- Pre-approval is a formal commitment from a lender based on verified income, credit, and debts.
Always aim for pre-approval before house hunting!
- Minimum is 5% for homes under $500,000.
- For homes over $500,000, you’ll need 5% on the first $500K + 10% on the remainder.
- 20% or more avoids CMHC insurance.
- Land transfer tax (provincial + possibly municipal if in Toronto)
- Legal fees
- Home inspection
- Appraisal
- CMHC insurance (if <20% down)
- Moving costs & utility setup
Yes! Common ones include:
- Financing condition
- Home inspection condition
- Sale of your current home
Your Pindrop agent will help you choose the right ones for protection.
You go into a conditional period (if you added conditions), where you finalize financing, inspect the home, and confirm everything before going “firm.”
From pre-approval to moving in anywhere from 30 to 90 days, depending on the market and your needs.
Typically:
Appliances
Light fixtures
Window coverings
(Specified in the agreement. Ask your agent to confirm what’s included.)
Great! You may be eligible for:
First-Time Home Buyer Incentive
Land Transfer Tax Rebate
RRSP Home Buyer’s Plan (HBP)
We’ll walk you through all your options.