Starting the Process
The excitement of finding a new home can cause us to forget about the key financial aspects of the purchase. Here are some of the key steps starting the process that need to be taken prior to and after an offer is made.
Download a copy of our FREE Home buyers guide that will help navigate you through the entire process.
GET PRE- APPROVED
The majority of buyers require a mortgage to purchase a home. When you’re looking to buy, this should be your first step in the process. It will set the parameters for your search.
THE PAPER WORK
Prior to submitting an offer, we will work together with experts, whether it be a lawyer or an accountant, to make sure you understand the implications of submitting an offer and that you are clear on all aspects of the offer.
SEARCH FOR HOME
Once you sign up as a client with us. Our team will set you up in the system to receive daily reports of properties within your criteria on a daily basis.
CLOSING COSTS
At the time of closing there are a number of upfront costs you’ll need to cover including Land Transfer Taxes (Provincial and Municipal), legal fees, title insurance, disbursements, moving costs and adjustments. Ensure you have funds set aside to cover these expenses.
DEPOSITS & DOWN PAYMENTS
Real estate moves at a rapid pace, so being prepared to make an offer quickly is important. With your offer, you’ll be required to submit a deposit (typically 5% of the offering price).
Your down payment is determined at the time of the mortgage application / approval process. It is usually around 3.5% of the sale price but can vary depending on the terms.
Whether you are looking to list your current property or buy a new home, our team is here to help. We strive to offer personalized service to each of our clients and will help you work towards your future real estate goals. Thanks to our many years of experience in the industry, we can guide you through the process of selling or buying a home. We’ll take care of you every step of the way, so you won’t have to worry about a thing during our time working together!
Contact us today to get started and sell your property or find your dream home this year!
