A Good Reminder When Buying

Once you have decided to purchase a home, there are a multitude of decisions to make. The first one being, locating that perfect home. I am familiar with current homes on the market and I know neighbourhood values well, so I can predetermine which properties might meet your needs, are fairly-priced and are in good conditon before you start your personal assessment.

Get to Know What You Want

In order to move forward in the right direction, it is a good idea for you to ask yourself a few questions so that you are clear about what you want.

  • Are you buying a home to live in or as an investment?
  • Is your family growing or are you downsizing?
  • Do you want to change neighbourhoods or do you like the one you currently live in?
  • Is it important that your commute to work be shorter or stay the same?
  • Do you want a certain view or to be closer to certain amenities?
  • What about schools, day care, local shopping, restaurants, library and other services?
  • How much space do you need and for what purpose?
  • One-level or are stairs acceptable?
  • Do you want a new(er) home or an older one to add your personal touch to?
  • How long do you intend to live in this home?

There are a lot of homes on the market out there so knowing what you want will help you move forward faster and with confidence.

Get Pre-Qualified for Loan Financing

Find out what you can afford by pre-qualifying for a mortgage. Drop by and talk to your banker, give them a call or even start the process online. Call me and I can refer you to a mortgage professional that has an excellent reputation and track record for successfully acquiring loan approval for home buyers. Knowing what you can afford upfront will save time and help you to zero in on the right home for you.

Making an Offer

Once that perfect home has been found, together we will sit down and write up an offer which lists out all the specifics of the transaction such as what you want included or excluded in the home or on the property, any subject clauses and deadlines for their removal, and the deposit and purchase price. It is often advisable to make the offer subject to a building inspection being performed by a licensed building inspector otherwise you could be faced with additional costs in repairing defects that you were not prepared for. When you are ready, we will prepare an offer that shows sellers you are the preferred buyer.

Buyer's Costs

In addition to the purchase price, buyers are also responsible to pay other costs such as:

  • Legal/notary fees and expenses for preparing all transfer documents, tending to the conveyance of the property and distributing all funds (typically range from $500 to $1,500);
  • Standard survey and/or appraisal (often required by the mortgagor and typically range from $500 to $1,500);
  • Home inspection fees (typically range from $200 to $500);
  • Home insurance (required by the mortgagor in order to lend funds);
  • Property Transfer Tax (PTT) which is payable at the time of conveyance (calculation is 1% on the first $200,000 of the purchase price plus 2% on the balance of the purchase price);
  • Goods & Services Tax (GST) on new construction which is payable at the time of conveyance (calculation is purchase price x 5%).

Let's Get Started!

From property search, to offer negotiations, subject removals, inspections and closing, I will help you to obtain your goal of owning that perfect home. I have the expertise, knowledge and best possible resources available to locate the homes on the market that match your specifications. M
y top priority is to ensure your home buying experience is enjoyable, cost-effective and successful. I can assist you from start to finish so call me today and let's get started. It will be the best move you make!