Frequently asked questions

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What homes are eligible for the Utopia program?

  • Most move-in ready homes on the market are eligible for the Utopia program, but there are also some specific eligibility criteria.
  • Eligible home types:
    • Single-family detached: The home’s deed must be “Fee Simple” (includes land ownership)
    • Move-in Ready homes with no major repair or renovation work required; must not have water, termite, foundation or roof damage
    • Homes with at least 2 above grade (above ground) bedrooms on less than 2 acres
    • Needs to be in the range of $125,000 to $500,000
    • Home needs to be in Urban or Suburban areas of the City and not in rural or semi-rural areas
    • Built in or after 1978 - Older homes could be considered on case-by-case basis if they are on public utilities and are fully renovated
  •  Ineligible home types:
    • Condos or townhouses 
    • HOAs or municipalities with rental restrictions
    • Pre-foreclosures / short sales /Foreclosures
    • REO / Bank-owned / county-owned / Fannie or Freddie-owned
    • Assignee contracts from wholesalers
    • Manufactured or mobile homes 
    • Age Restricted Communities: Housing and neighborhoods specifically for those 55/65 and older 
    • Homes on unpaved roads and/or driveways 
    • Homes without central air conditioning HVAC 
    • Homes with financed solar panels (owned solar systems and/or systems paid off at closing are OK)
    • Homes with above ground pools

Do I need a real estate agent?

  • Not at all. You can get started with Utopia and apply to the program whether you're already working with an agent or not.
  • Once you are fully approved to go home shopping with Utopia, we’ll introduce you to a partner agent who can help you navigate the home shopping process.
  • Already have an agent in mind? Sweet, We’re happy to work with any licensed realtor in your area. If they haven't already, ask them to sign up with us.