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Trust is essential when it comes to real estate, and we’ve built our reputation on integrity and transparency. We believe in clear communication and honest advice, ensuring that you are always informed and confident in your decisions. With us, there are no hidden agendas—just straightforward service you can rely on.

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Frequently Asked Questions

The first step in buying a home is to get pre-approved for a mortgage. This helps you understand how much you can afford and shows sellers that you’re a serious buyer. During pre-approval, a lender will review your financial situation (income, credit score, debt) and give you a pre-approval letter outlining how much you can borrow.

The home buying process typically takes about 30 to 45 days once you have an accepted offer, though it can vary. This period includes time for:

  • Home inspection and negotiations
  • Appraisal
  • Securing financing
  • Title search
  • Closing (signing documents and transferring ownership)

If you’re a first-time homebuyer, or if there are delays with financing or inspections, the process may take longer.

When selling a home, common costs include:

  • Agent commissions: Typically 5-6% of the sale price, split between the buyer’s and seller’s agents.
  • Repairs and staging: You may need to make repairs or stage your home to make it more appealing to buyers.
  • Closing costs: These can include title insurance, attorney fees (if applicable), and other administrative fees.
  • Capital gains tax: If you’ve made a profit on your home sale, you may owe taxes, although there are exemptions for primary residences under certain conditions.

To determine your home’s value, you should:

  • Get a Comparative Market Analysis (CMA): A real estate agent can provide a CMA that looks at recently sold properties in your area that are similar to yours.
  • Consider Online Valuation Tools: Websites like Zillow and Redfin offer estimates, but they may not be entirely accurate.
  • Hire an Appraiser: For a more precise evaluation, consider hiring a professional appraiser who can assess your home’s value based on its condition, location, and current market trends.

Earnest money is a deposit made by the buyer to show they’re serious about purchasing the property. Typically, earnest money ranges from 1-2% of the home’s purchase price. It’s held in an escrow account until closing.

  • Refundable: Earnest money is usually refundable if the deal falls through due to conditions outlined in the contract, such as failing a home inspection or not securing financing.
  • Non-refundable: If the buyer backs out without a valid reason, the seller may keep the earnest money as compensation for lost time and potential opportunities.

During a home inspection, you should look for any potential issues that may affect the safety, structure, or value of the home, including:

  • Foundation problems: Cracks, settling, or water damage.
  • Roof condition: Age, leaks, or damage to shingles.
  • Plumbing and electrical systems: Leaks, faulty wiring, or outdated systems.
  • HVAC systems: Check the heating and cooling systems to ensure they’re functioning properly.
  • Pest damage: Look for signs of termites or other pests. If any significant issues are discovered, you can negotiate repairs or a price reduction with the seller.
  • Pre-qualification: This is an informal process where a lender gives you an estimate of how much you may be able to borrow based on the information you provide (income, debt, etc.), but it isn’t verified.
  • Pre-approval: This is a more formal process where the lender verifies your financial details and gives you a specific loan amount you’re approved for. Pre-approval carries more weight and can make you a more competitive buyer.

Preparing your home for sale involves making it as appealing as possible to potential buyers. Key steps include:

  • Declutter and clean: Remove excess furniture, deep clean, and make the home look as spacious and well-maintained as possible.
  • Repairs and touch-ups: Fix broken appliances, leaking faucets, or peeling paint.
  • Staging: Consider hiring a professional stager to make your home more inviting and showcase its potential.
  • Boost curb appeal: First impressions matter, so maintain the lawn, trim bushes, and ensure the exterior of the house looks well-kept.
  • Set the right price: Consult with a real estate agent for a competitive pricing strategy.
  • FHA Loans: These government-backed loans are designed for buyers with lower credit scores, typically requiring a minimum score of 580 for a 3.5% down payment.
  • Subprime Lenders: Some lenders specialize in loans for buyers with poor credit, but they may come with higher interest rates.
  • Consider a larger down payment: If you can afford a larger down payment (20% or more), this may improve your chances of getting approved.
  • Get a co-signer: If someone with better credit is willing to co-sign the loan, it can help improve your approval odds.

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