Closing Date
The date on which the sale of a property becomes final.
Closing Costs
Costs, in addition to the purchase price of a home, such as legal fees, transfer fees, and disbursements, that are payable on the closing date. Closing costs typically range from 2%-4% of a home’s selling price.
Deed
A legal document, which is signed by both the seller and the buyer transferring ownership. This document is registered as evidence of ownership.
Offer to Purchase
A written contract setting out the terms under which the buyer agrees to buy. If accepted by the seller, it forms a legally binding contract subject to the terms and conditions stated in the document.
Real Estate Sales Representative
A person with a provincial license to represent a buyer or a seller in a real-estate transaction in exchange for commission. Most Sales Representatives work for a real estate brokerage or agent.
Bungalow
A house that is built on one floor. Most often this type of house has no stairs.
Detached
A house that stands on its own. It has no other houses attached to it.
Semi-detached
Two houses joined together by a common wall
Condominium
a building or complex of buildings containing a number of individually owned apartments or houses
Zoning
Municipal or regional laws that specify or restrict land use.
Contact Gemma or Gary Barclay