FAQ's

First impressions matter in business, but especially in real estate. Anyone walking through a house or touring it virtually will be looking for ways to pass or negotiate down on the price. Make sure that the plumbing, and electrical system all work properly. Each room should look clean and decluttered with no overt damage insight.

Once the house is on the market, it may take anywhere from four to six weeks to sell. However, if the market is fairly hot, a seller could see their house off the market within a week. On the flip side, if there is a lack of activity in the market or issues arise such as negotiation, lack of exposure, or house conditions then the property can sit on the market for months.

The selling price of a house fluctuates depending on multiple factors. The most common ones are the neighbourhood and what similar-sized houses are currently selling for. Also, look at the age and condition. Do major repairs need to be done? If so, that might lower the property. And again, the market matters. Like everything else, home prices vary depending on supply and demand. Henmar Properties agents is there to inform our clients about these different factors and accurately list your house.

The absolute first step is to get approved for a mortgage. Without being approved for a mortgage it will be quite difficult, if not impossible, to purchase a new home.

This is a tricky question, and the answer primarily depends on one’s funds and ability to find temporary housing. If you need more equity to purchase a new home or meet a mortgage plan, then it is best to sell one’s current home before purchasing the next one.

A Mortgage Bond is finance borrowed against immovable property, using that property as security for the loan. The Mortgagor (or Borrower) is the person, Company, Trust, or other entity that borrows money to finance the purchase of immovable property and mortgages their property as security for the loan. It can be paid off over a period of 15 to 30 years.